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Published: Feb 14, 2023
Updated: Feb 14, 2023

India's Lithium Reserve Discovery: A Game Changer for Electric Vehicle Industry

In a major breakthrough, India has discovered lithium reserves for the first time in its history. The Geological Survey of India (GSI) has established 5.9 million tonnes of inferred lithium resources in Jammu and Kashmir's Reasi district.

A Vital Component for Emerging Technologies

Lithium, a non-ferrous metal, is a key component in rechargeable batteries for a range of devices, including mobile phones, laptops, digital cameras, and electric vehicles. Its versatility extends to non-rechargeable batteries for items like heart pacemakers, toys, and clocks. With the growth of electric vehicles and the increasing demand for lithium batteries, this discovery could prove to be a game changer for India's electric vehicle industry.

Import Dependence No More

Until now, India was dependent on imports for several minerals, including lithium, nickel, and cobalt. The government has taken several proactive measures to secure minerals, including lithium, from Australia and Argentina. With the discovery of high-quality lithium reserves, India can now focus on establishing a domestic lithium supply chain, reducing its dependence on imports, and securing a stable source of lithium for its electric vehicle industry.

Revving up India's Electric Vehicle Plans

The discovery of lithium reserves can prove to be a major boost to India's electric vehicle plans. The government has set an ambitious target of achieving 30% electric vehicle penetration by 2030. With a stable and domestic supply of lithium, India can ensure the availability of high-quality batteries for electric vehicles, furthering its efforts to promote clean and sustainable transportation.

Conclusion

The discovery of lithium reserves in India is a major milestone for the country and the electric vehicle industry. With the increasing demand for lithium batteries and the government's push for electric vehicles, this discovery is poised to revolutionize India's electric vehicle sector. The country can now focus on establishing a domestic lithium supply chain, reducing its dependence on imports, and securing a stable source of lithium for its electric vehicle industry.