ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

BharatGAIN Report - Urgent Policy Reforms Needed for India EV Battery Recycling by 2030

New Delhi [India], October 16: BharatGAIN, a Delhi-based research organization, released a comprehensive report on India's EV battery recycling landscape, titled "Assessing Gaps in India's Electric Vehicle Battery Recycling Ecosystem." The report reveals significant challenges that could hinder the development of a sustainable battery recycling framework in India, advising policymakers and industry stakeholders to take timely action to address and mitigate these gaps. As the future outlook forecasts steep growth in India's electric vehicle market, with a CAGR of 49% by 2030, the report highlights the necessity for a robust recycling ecosystem to manage the surge in spent lithium-ion batteries.

ANI Oct 16, 2024 17:02 IST googleads

BharatGAIN Report - Urgent Policy Reforms Needed for India EV Battery Recycling by 2030

PNN
New Delhi [India], October 16: BharatGAIN, a Delhi-based research organization, released a comprehensive report on India's EV battery recycling landscape, titled "Assessing Gaps in India's Electric Vehicle Battery Recycling Ecosystem." The report reveals significant challenges that could hinder the development of a sustainable battery recycling framework in India, advising policymakers and industry stakeholders to take timely action to address and mitigate these gaps. As the future outlook forecasts steep growth in India's electric vehicle market, with a CAGR of 49% by 2030, the report highlights the necessity for a robust recycling ecosystem to manage the surge in spent lithium-ion batteries.
The study examines limitations in India's existing policies and infrastructure, which could hamper the nation's ability to maximize the economic and environmental advantages of its EV sector. Although India has defined objectives for EV adoption--aiming for 30% of private cars, 70% of commercial vehicles, and 80% of two- and three-wheelers to be sold by 2030--the battery recycling ecosystem remains fragmented.
The EV sector is expected to generate 10 million direct and 50 million indirect jobs by 2030, with recycling reducing reliance on lithium imports and lowering costs. This marks India's potential to unlock crucial economic developments through a sustainable battery recycling infrastructure. However, setting up recycling plants is capital-intensive, costing Rs220-Rs370 crores, and transportation of spent batteries adds 35-50% of the total cost. Additionally, the sector faces challenges from informal operations and insufficient state-level monitoring under the Battery Waste Management Rules (BWMR).
Ms. Gauri Datta, Director, BharatGAIN, stated, "India's EV growth is promising, but our shift to electric vehicles can only be successful if we become receptive and think beyond just adoption. Developing a circular economy for lithium-ion batteries is essential not only for minimizing our dependency on imports but also for creating a resilient future in line with our net-zero goals. At BharatGAIN, we work to align policymakers, industry, and academia to ensure sustainable growth in key strategic sectors like e-mobility and green energy."
The study underscores India's potential to transition into a global hub for recycled lithium-ion batteries but highlights key barriers, including undeveloped infrastructure, higher costs of establishing the framework, and a lack of financial incentives. To overcome these challenges, it calls for urgent policy reforms, such as amending the Battery Waste Management Rules (BWMR) for the standardization of battery designs and providing financial incentives to boost recycling investments. Additionally, stimulating collaborations between government and private industries, supporting research and development, and fostering a skilled workforce are crucial measures. By adhering to the suggested roadmap, India can build a sustainable recycling ecosystem and secure its position as a global leader in EV battery recycling.
About BharatGAIN:
Drawing from our decade+ experience of offering services in public affairs, policy advocacy, and strategic communications, Aakhya India is preparing to launch BharatGAIN (Bharat Growth and Inclusive Network), a think tank focused exclusively on the last-mile connectivity of policies across all strategic sectors. Our mission is to foster alignment between policymakers, industry players, and academia, generating actionable insights and advisor-endorsed reports that inform and facilitate sound decision-making. Through rigorous research, evidence-based studies, and collaborative stakeholder engagements, we aim to foster a deeper understanding across sectors, advocating for inclusive and sustainable development to ensure that India's growth story benefits all stakeholders involved and that policies achieve their intended impact.
Visit: www.bharatgain.org
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)

Get the App

What to Read Next

Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Kolkata (West Bengal) [India], March 12: Sarbabharatiya Sangeet O Sanskriti Parishad officially commenced its 48th Annual Convocation yesterday, March 11, at the historic Mahajati Sadan, Kolkata. The three-day event, running from March 11 to 13, celebrates the institution's legacy of cultural service and its mission to bridge traditional heritage with a modernized future.

Read More
Business

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

New Delhi [India], March 12: There is something quietly powerful about a window... It neither confines nor escapes. It simply allows us to look, to pause, to breathe between inner and outer worlds. In The Painted Window, multi-award-winning contemporary artist Nandita Desai turns this everyday architectural element into the soul of her fifth solo exhibition, transforming vintage and handcrafted windows into luminous works of art. Running from 16th to 21st March 2026 at the Kamalnayan Bajaj Art Gallery, Nariman Point, Mumbai, the exhibition brings together 50 artworks - windows that look outward at the world, and inward at memory and quiet reflection.

Read More
Business

AdvantageClub.ai Celebrates 100 Global Women HR Leaders Driving

AdvantageClub.ai Celebrates 100 Global Women HR Leaders Driving

Gurugram (Haryana) [India], March 12: AdvantageClub.ai, a global AI-powered employee rewards, recognition and wellbeing platform, has unveiled the winners of the Most Admired Women Awards (MAW) 2026, honouring 100 outstanding women HR leaders who are driving transformation across the global workplace landscape.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.