Page 21 - MMI- Aug2022

ufacturing know-how, the ges- Exports, were shortlisted. As around `14.42 lakh crore, with a
tation period will be the next per a 2018 research report need for cumulative investment
decade — even with technology by the Center for Study of Sci- worth around `12.50 lakh crore
transfer and ensured invest- ence, Technology and Policy for the same.
ment from big players. (CSTEP), a plant of this scale The planning, investment, and
Thirdly, access to raw materials is estimated to cost around long-term roadmap are worth-
for manufacturing Li-ion batter- `30,000 crore (US$4.6 billion) while for the sustainable future
ies is a raging issue. As a study with a timeline of about three that an EV-led transport system
by European Commission 2020 years to become operational. could create. As Carlos Ghosn,
showed, except for manganese By 2030, the market for elec- the ex-Nissan CEO, mentioned,
and graphite, all the other raw tric vehicle power packs is ex- “Electric Cars are not going to
materials are hardly available in pected to reach US$300 billion, take the market by storm, but
India. We will have to keep im- with a large secondary market they are going to be a gradual
porting from Australia, China, of more than 2.5 million e-rick- improvement.” In the same way,
Brazil, Africa, and Canada for shaws and 4,00,000 lead-acid the Indian market cannot hurry
raw materials like bauxite, cobalt, battery-powered two-wheelers to make EVs a reality.
manganese, and natural graph- now on the road. India would Along with consistent policy
ite, apart from lithium. In Febru- require a minimum of 10 GWh support, availability, and af-
ary 2020, Union Minister Harsh of Li-ion cells by 2022, accord- fordability of capital for OEMs, Along with
consistent
Vardhan informed the Lok Sabha ing to Government projections. battery manufacturers, charge policy sup-
that India imported 450.3 million By 2025, it will be around 60 point operators, and end con- port, avail-
Li-ion batteries in the April-No- GWh, and by 2030, it will be sumers would be vital in deter- ability, and
vember period of the financial around 120 GWh. mining the pace, efficiency, and affordability
year 2019-20, valued at US$929.26 Thus, even when the proj- cost of India's transition in the of capital
for OEMs,
million (over `7,200 crore). As per ect becomes operational, EV transportation industry. battery man-
the data by the Ministry of Road manufacturing will need a lot Once underway, the indigenous ufacturers,
Transport & Highways (MoRTH), of handholding and support batteries can ensure a sustained charge point
the number of EVs registered in to become viable. Most im- supply to the EVs, irrespective operators,
2021-22 has grown by 218 per- portantly, it will take a lot of of global conflicts. The batter- and end
consum-
cent from 1,34,853 in 2020-21 to patience to see the EV market ies will be more suited to Indian ers would
4,29,301 in 2021-22. We have to mature with sustainable do- temperatures and geographical be vital in
see how much the economics of mestic OEM supplies. disparities through designs and determining
scale for import cost of raw mate- research. While it is accepted the pace,
rials versus manufacturing Li-ion A sustainable future that EVs will benefit the envi- efficiency,
and cost
batteries and the investment is According to a study by CEEW ronment, in the long run, with of India's
required to make the first Giga- Centre for Energy Finance the right technology, over 90 transition in
factory operational. (CEEW-CEF), an initiative of percent of Li-ion batteries can the trans-
the think tank the Council be extracted and reused, thus portation
How can we address it? on Energy, Environment, and leading to a recycling of the industry.
However, none of the problems Water (CEEW), the cumulative e-waste being generated.
is insurmountable if the stake- EV sales in all vehicle segments Most importantly, India is pro-
holders involved in making EVs could cross over 100 million jected to save over `1 lakh crore
a reality in India are ready to units by FY30, 200 times its annually in crude oil imports
join hands, plan long-term, and current market size, as by the with increased EV penetration,
are dedicated to the cause. end of March 2020, the total as per the CEEW report of 2020.
The Government, in 2021, in- number of registered EVs in In- A sustainable future will need
troduced a `18,100 crore Pro- dia stood at only half a million. planning and a detailed road-
duction Linked Incentive (PLI) The study also pointed out that map to see the positive re-
scheme for Advanced Chemis- to realize the 2030 ambition of sults that we are planning for.
try Cell (ACC) battery storage, India, the country would need India is roughly late by 15 years
with a total manufacturing an estimated annual battery in the research and develop-
capacity of 50 GigaWatt Hour capacity of 158 GWh by FY30, ment of EVs and related OEM
(GWh). Subsequently, four thereby presenting a massive technology. However, per-
players, i.e., Reliance New En- market opportunity for do- sistence and clarity, in this case,
ergy Solar, Ola Electric, Hyun- mestic manufacturers. Also, will surely pave the way for
dai Global Motors, and Rajesh the EV market will be worth a better future.

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