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India's lithium-ion battery market set to grow to 115 GWh by 2030, driven by EV demand.
India's lithium-ion battery market is forecast to grow to 115 GWh by 2030, driven by increased demand for electric vehicles, consumer electronics, and stationary storage.
The report by ICEA and Accenture highlights a 48% annual growth in EV battery demand but notes India's reliance on imports for critical materials like lithium and cobalt.
The government aims to boost domestic recycling, creating up to 41,000 green jobs and reducing carbon emissions by 75,000 tonnes annually.
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El mercado de baterías de iones de litio de la India crecerá a 115 GWh para el año 2030, impulsado por la demanda de EV.