UPSC Economy UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC™
UPSC Economy UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC UPSC™
February 3, 2025 at 03:39 PM
🔆 🔋 Indigenisation Key for India's Electric Mobility Transition  ✅ Reducing Import Dependence: India must localise EV production and critical minerals to lessen reliance on China-dominated supply chains.  ✅ High Import Intensity Risk: EV manufacturing depends on minerals like lithium, cobalt, and nickel, with China controlling up to 90% of global processing.  ✅ Rising Demand for Batteries: Lithium-ion batteries will dominate till 2030 with an annual growth rate of 23%, reinforcing supply risks.  ✅ Public Transport Investment: Strengthening efficient and sustainable public transport is key to achieving Net Zero and cutting imports.  ✅ Supply Chain Security: 33 critical minerals were analysed, with 24 at high risk of disruption, urging urgent domestic sourcing efforts.  🚘 Boosting local production is crucial for India’s energy independence and EV growth!

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