Indiaâs First-Ever Lithium Refinery Promises To Strengthen Countryâs Electric Vehicle, Battery Push
by Swarajya Staff - Feb 18, 2021 08:09 AM
Lithium is in significant, rising demand for its use in the development of electric vehicles and batteries.
Snapshot
With lithium demand gaining steam globally, India is on course to get its first-ever lithium refinery.
Gujarat is set to play host to the plant for the pertinent advantages it is said to offer.
Indiaâs discovery of local lithium deposits has stirred considerable interest in the new year.
For its lithium battery needs, India was relying on imports from China, Hong Kong, and Vietnam over the years.
The front seat in electric mobility
Updated:
Updated:
January 11, 2021 00:10 IST
The lithium and cobalt industry are likely to grow domestically to support the switch to electric vehicles
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The lithium and cobalt industry are likely to grow domestically to support the switch to electric vehicles
The progression to electric vehicles is important for India because such vehicles are sustainable and profitable in the long term. Reducing dependence on crude oil will save the government money, reduce carbon emissions, and build domestic energy independence. Besides being an economically and environmentally viable option, India’s transition to electric vehicles will allow us to fine-tune our infrastructure. This will also influence India’s foreign policy as our energy security dependence will shift from West Asia to Latin America. India imported 228.6 MT of crude oil worth $120 billion in 2018–19, which made it the third-largest oil importer in the world in ter