India Among Top 10 Countries For Mining EV Battery Supply Chain

The buzz around electric vehicles is on the rise and soon we expect to see a substantial volume increase as well. A robust and spread-out charging infrastructure of course will give it a much-needed shot in the arm but apart from that, high cost of lithium-ion batteries is also a challenge the EV industry is dealing with. Well! The good news is that India has been identified as one of the 10 countries having potential for battery mining and can be a major contributor in the global battery supply chain.

Also Read: Top 10 Most Searched Electric Cars On Google In India In 2021

According to a data published by VC Elements, India stands at 9th position in the list and you'll be surprised to know that it is ahead of Mexico and the United States. China with 80 per cent of global refining capacity for raw materials needed for batteries is expected to be the global leader as far as battery mining is concerned. It is followed by Australia, Brazil, Canada, South Africa, Chile, Argentina and Bolivia that have ranked above India.

Global players like Suzuki and Toyota have already invested in a battery plant in Gujarat and even players like Tesla among others are evaluating prospects. Earlier we have even heard carmakers like Tata Motors and Mahindra seeking interest in this business, but nothing has been clinched yet. EVs are gaining prominence in India by the day and monthly average search numbers on google for EVs too are increasing gradually. For instance, the Tata Nexon has bagged over 1.5 lakh searches on google on an average per month this year followed by the Tata Tigor EV and MG ZS EV.