India has been identified as one of the 10 countries with potential for battery mining and can be a major contributor to the global battery supply chain.
The buzz around electric vehicles is increasing and we expect to see a huge amount of growth soon. A robust and dispersed charging infrastructure would certainly give it a much needed shot at hand but apart from this, the high cost of lithium-ion batteries is also a challenge the EV industry is tackling. Well! The good news is that India has been identified as one of the 10 countries with potential for battery mining and can be a major contributor to the global battery supply chain.
Top Countries for Mining in Electric Vehicle Battery Supply Chain:
1 China ????????
2 Australia ????????
3 Brazil ????????
4 Canada ????????
5 South Africa ????????
6-8 Chili ???????? Argentina ???????? Bolivia ????????
9 India ????????
12 Mexico ????????
15 United States ???????? pic.twitter.com/EYqWrUvvWp— Eric Solheim (@ErikSolheim) December 23, 2021
Read also: Top 10 Most Searched Electric Cars on Google in India in 2021
As per the data published by VC Elements, India ranks 9th on the list and you will be surprised to know that it is ahead of Mexico and the United States of America. China is expected to be the global leader in battery mining, with 80 percent of the global refining capacity of the raw materials needed for batteries. It is followed by Australia, Brazil, Canada, South Africa, Chile, Argentina and Bolivia which are above India.
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Global companies like Suzuki and Toyota have already invested in a battery plant in Gujarat and even companies like Tesla are evaluating the possibilities. Earlier we have heard car makers like Tata Motors and Mahindra also taking interest in this business, but nothing has been finalized yet. EVs are gaining prominence day by day in India and the monthly average search numbers on Google for EVs are also increasing gradually. For example, Tata Nexon has garnered over 1.5 lakh searches per month on Google on an average this year, followed by Tata Tigor EV and MG ZS EV.
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