Lithium-ion by nature has not been developed just for the automotive sector, but has a high level of proliferation in other industries also, making it highly affordable
The Indian automotive market has been witnessing an influx of interest in the EV space. With many players entering the market and existing businesses realigning themselves, EVs are well poised to form a part of future mobility. At ITEC India 2019, noted speakers and industry experts deliberated on the various opportunities in the battery technologies and chemistries space.
As per industry thought leaders and experts, there is a lot of thought going into recovering and recycling of lithium-ion batteries. Further, imported cells are now being made available and many companies are working towards optimising these. As far as opportunities go, the industry is witnessing companies developing synergies to align themselves with these solutions for used batteries.
Taking a look at the evolution of battery technologies, what began with led acid batteries, evolved into nickel metal hydride, nickel cadmium and finally lithium-ion. The key challenge faced by companies today is in terms of adoption and scaling up. Lithium-ion by nature has not been developed just for the automotive sector, but has a high level of proliferation in other industries also, making it highly affordable.
From the view of energy density and cost per kWh (kilo watt hour), it looks attractive. Most of the work that is being done today is on scaling up these technologies and making them more affordable. Looking at the technology curve of lithium-ion, it is also in the maturity stage now.
In India, there is a lot of research being conducted at CISL labs, to evaluate the potential of these technologies. Since lithium-ion is commercially a viable technology a lot of research dollars are being spent on furthering this technology. However, the industry is now looking into other battery technologies as well.