Battery capacity needed to power electric vehicles in India from 2020 to 2035
India’s commitment to the EV30@30 global initiative, which targets a 30% new sales share for electric vehicles (EVs) by 2030, translates to the addition of about 24 million two-wheelers, 2.9 million three-wheelers, and 5.4 million four-wheelers to the fleet in the next 10 years. At the same time, India remains heavily reliant on the international market for EV components, especially battery cells. The government is thus increasingly focused on promoting domestic manufacturing and recently announced a five-year, US$19.7 billion production linked incentive scheme for 10 key sectors that includes US$2.4 billion for advanced chemistry cell (ACC) batteries. This working paper estimates the battery capacity that would be required to power India’s EVs, by year, up to 2035, under the EV30@30 scenario and a separate Ambitious uptake scenario.
