India's EV market, valued at $2B, is projected to reach $7.09B by 2025 due to govt incentives and environmental awareness, leading to increased Li-ion battery production.
India's EV market, currently valued at $2 billion, is projected to grow to $7.09 billion by 2025, driven by govt incentives & environmental awareness. As EV usage increases, so will lithium-ion battery production. The industry can mitigate environmental concerns by utilizing non-hazardous materials in Li-ion batteries, which are more efficient and safer compared to other battery types.
July 07, 2024
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