The Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of 5 GWh, despite requests for a reduction in the minimum bid size. The incentives, worth INR 7,240 crore, are part of a larger INR 18,100 crore PLI scheme for the sector.
The Indian government plans to introduce a production-linked incentive (PLI) scheme for batteries to reduce costs and encourage the adoption of electric vehicles (EVs). The Union Power and New & Renewable Energy Minister, R K Singh, stated that the scheme aims to increase battery volumes and lower prices. He also highlighted the limited battery manufacturing capacity worldwide as a factor contributing to high prices.