TL;DR
Battery innovation is crucial for India's EV market, driving down costs, improving performance, and strengthening charging infrastructure for sustainable growth.
Battery technology advancements are increasingly becoming the defining factor for India's rapidly evolving electric vehicle (EV) market. Continuous innovations in cell chemistry, pack design, and manufacturing efficiency are driving down costs and significantly improving the performance and safety of EV batteries. This makes electric vehicles more appealing to both consumers and corporate entities, according to Kartik Hajela, CEO of the Battery Division at Jupiter Electric Mobility.
Beyond individual vehicles, Battery Energy Storage Systems (BESS) are playing a crucial role in strengthening India's charging infrastructure, enabling reliable round-the-clock clean power by minimizing grid stress. As EV adoption escalates, the focus will intensify on enhancing battery technology, fostering synergies with storage solutions, and scaling up production capabilities. Securing access to raw materials like lithium, cobalt, and nickel, along with developing robust recycling and second-life battery solutions, will be critical for the long-term sustainability and energy security of India's EV market, currently valued at US$2 billion and projected to reach US$7.09 billion by 2025.
