The Union Cabinet on Wednesday approved a Rs 18,100 crore production-linked incentive (PLI) scheme for manufacturing of advanced chemistry cell (ACC) battery storage.
0 Comments The government of India has approved the proposal of the Department of Heavy Industry for the implementation of the Production Linked Incentive (PLI) scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. This scheme aims to achieve a manufacturing capacity of 50-Gigawatt hour (GWh) of ACC and 5-GWh of ‘Niche’ ACC with an outlay of Rs 18,100 crore.
ACC batteries are used in consumer electronics, electric vehicles, advanced electricity grids and more
Scheme expected to bring direct investment of Rs 45,000 crore in ACC battery manufacturing projects
Manufacturing of ACC batteries in India will facilitate demand for EVs
PLI scheme for ‘National Programme on Advanced Chemistry Cell Battery Storage’: what is it?
May 13, 2021
The Indian Standards for LAC for EVs will be released in the next two months The government’s initiative on low-cost AC charging infrastructure and the decision to bring it under the Bureau of Indian Standards (BIS) will not only benefit local companies, but also solve the hesitancy among vehicle buyers for whom charging is a key issue.
The Indian Standards for low-cost AC charging point (LAC) for electric vehicles (EVs) will be released in the next two months.
Fast-track process
A committee involving key stakeholders, including EV manufacturers, auto and electronic component suppliers, power utilities, and communication service providers, worked in fast-track mode to develop specifications, prototype products, and test and validate the proposed standards, which will be formally issued by the BIS.