Indian electric vehicle plan unlikely to come true
2017-12-12 18:11:34 [Print]
It is reported by foreign media that a top Indian consultant company warned that India might not achieve its target of complete electrification of vehicle in 2030.
NITI (National Institute for Transformation of India) announced on its report about energy storage program that the supply of functional materials used for battery cathode and anode manufacture was tight despite that mine resources used for battery manufacture were ample globally. In order to achieve mass production of electric vehicles, India needs to look for foreign partners and establish joint venture enterprises, only by which can it obtain key material supply and develop its battery production technology.
According to the report, it needs to form a battery capacity of at least 3,500GWh and an investment of USD300 billion to realize the complete electrification of vehicle in 2030.
The report predicted that in order to meet the above needs, India will have a demand of 60,000t of lithium carbonate per year by 2030, which only accounts for 0.7% of the global resources; however it will lead to supply storage in a short time.
Despite that it can meet the supply of lithium by looking for partners, that of cobalt is another challenge owing to over-centralized production and geopolitical risks.
NITI (National Institute for Transformation of India) announced on its report about energy storage program that the supply of functional materials used for battery cathode and anode manufacture was tight despite that mine resources used for battery manufacture were ample globally. In order to achieve mass production of electric vehicles, India needs to look for foreign partners and establish joint venture enterprises, only by which can it obtain key material supply and develop its battery production technology.
According to the report, it needs to form a battery capacity of at least 3,500GWh and an investment of USD300 billion to realize the complete electrification of vehicle in 2030.
The report predicted that in order to meet the above needs, India will have a demand of 60,000t of lithium carbonate per year by 2030, which only accounts for 0.7% of the global resources; however it will lead to supply storage in a short time.
Despite that it can meet the supply of lithium by looking for partners, that of cobalt is another challenge owing to over-centralized production and geopolitical risks.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China lithium cobaltate producers' number MoM output increase statistics by province by month
Unit: pcs
