Lithium-ion battery-based Energy Storage will help India meet its Greenhouse gas Reduction goals – Nitin Gadkari

India is experiencing a significant increase in energy demand because of rapid economic growth, which necessitates an energy transition and a shift away from fossil fuels.

Lithium-ion batteries play a vital role in the energy transition as the medium for energy storage.

With lithium being a crucial raw material for EV production, India seeks to reduce its reliance on imports and increase domestic manufacturing.

The Ministry of Heavy Industries recently revealed a Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cells (ACCs), with an investment of Rs. 18,100 Crore over 5 years.

The Indian Government has taken further measures and introduced 2 schemes to boost the production of EVs in India, especially in the public transport sector.

Schemes to Boost EV Production 

1. Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) 2. Production Linked Incentive (PLI) Scheme for Automotive Sector

Schemes to Boost EV Production