Demand Shift
Technology Advancement
LOW Severity
low impact
EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030
09 Jul 2025, 12:30 IST09 Jul 2025, 12:30 ISTRelevance: 75%
📊Executive Summary
India's lithium-ion battery market is projected to grow at a remarkable 48% CAGR through 2030, primarily driven by the demand for electric vehicles (EVs). This growth trajectory is set against the backdrop of challenges such as import dependencies and environmental concerns, as India aims for Net-Zero emissions by 2070. The significant rise in battery demand underscores the critical role of lithium-ion technology in the automotive sector, particularly for EV manufacturers looking to enhance their production capabilities and meet future demand....
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Classification
Industries
Automotive
Power & Energy
Components
Batteries & Power
Regions
India
Topics
Demand Shift
Technology Advancement
