News > As India's EVs become more popular, batteries are a big business opportunity
As India's EVs become more popular, batteries are a big business opportunity
30/11/2022 02:52 PM | Click to read full article
The future of electric mobility is bright in India, says a recent report by the IESA. Over the next few years, the EV battery manufacturing and recycling space should see immense growth. While the space is still nascent, a report by the NITI Aayog and Rocky Mountain Institute says India’s EV battery market could surpass $15bn by 2030, while IMARC expects the space to grow at a CAGR of 27.12% in 2022-27.
