India’s electric vehicle (EV) revolution has recently received a major boost following reports of the discovery of massive lithium deposits in Rajasthan state, which alone could meet 80% of the country’s needs. Currently, India relies on China to meet its needs for the critical metal, which is a key component in the manufacture of consumer electronics and electric vehicle batteries.
Lithium recently discovered in Dghana in the country’s Rajasthan state is reported to be of even better quality than that found in Jammu and Kashmir earlier this year. This has great potential to accelerate domestic electric vehicle production and also indirectly reduce dependence on oil imports from foreign markets for mobility purposes.
Although battery technology for electric vehicles is being updated rapidly, each battery pack currently requires about 8 kilograms of lithium. Based on this estimate, India’s economically mineable lithium reserves should be enough to power 184.4 million electric vehicles, a previous PTI report noted. With the discovery in Rajasthan, that number could be even higher.While in India while spending time in the country ¥With imported lithium set to hit Rs 26,000 crore between 2018 and 2021, local extraction could prove to be a solid trump card.
First published date: May 9, 2023 at 14:44 PM CST