Burgeoning EV demand makes case for Lithium-ion battery manufacturers in India

Excerpt from timesofindia.indiatimes.com

 India is on the threshold of a new revolution. This time, it is in the field of automobiles with electric vehicles (EVs) becoming the flavor of the nation. In the last two years, there has been a stupendous growth in the number of two and three wheeler EVs on India’s roads. And now almost all car makers are nursing EV dreams. The government is also looking at setting targets of converting a significant number of vehicles on Indian roads to EVs in less than a decade.

 There is one common thread that binds all these dreams. Lithium ion batteries, which will power all these EVs. Lithium ion batteries are the most important part of EVs accounting for almost 50 per cent of the cost of the EV. 

 Increasingly, automobile companies are proclaiming lithium ion batteries as the future of automobile energy. This is because of the inherent advantages that a lithium ion battery has. Consider this: lithium ion batteries weigh much less than other rechargeable batteries and hold their change extremely well while the energy output from these batteries remains fairly consistent. Apart from this, they can handle hundreds of charge and discharge cycles.