💨 Abstract

India is working to reduce its reliance on imported Li-ion batteries, aiming to lower dependence to 20% by FY27. The demand for these batteries, driven by increased EV adoption and renewable energy integration, is projected to surge to 127 GWh by FY30. To support this transition, the government has implemented policies like the FAME scheme and VGF for BESS, aiming to make EVs and energy storage systems more affordable.

Courtesy: theprint.in

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