Lithium-ion battery market at your city

Opportunities for the lithium-ion battery business in and around Asansol include electric vehicle (EV) battery solutions, renewable energy storage systems, and battery servicing and recycling, driven by rising demand for EVs and sustainable energy.

As the demand for EVs in India rises, there is a growing market for selling EV batteries and setting up charging infrastructure. You can provide repair, maintenance, and recharge services for EV batteries, a growing need as more EVs are deployed.

2023 will see 448,000 new electric vehicles hitting UK roads

By the end of 2022, more than 1.1 million electric cars had been registered in the UK in the ‘modern’ EV era (since 2010), taking 12 years to reach that figure. The SMMT forecasts that the next 1.1 million will be registered in the next two years, with more than 2.2 million expected to be on the road by the end of 2024. This year should see a major increase in the volume of electric cars hitting dealer and independent forecourts in the UK thanks to the enormous annual growth in new EV registrations back in 2020, when the market grew by over 140% with more than 175,000 registered. The Tesla Model 3 was supplied in particularly large volumes, so we can expect to see a significant number in the wholesale and retail markets over the coming months.

“The Government’s announcement of an EV Infrastructure Strategy to ensure the UK is ‘EV-fit’ by 2030 is a step in the right direction. Access to reliable charging infrastructure, both at-home and across the road network, is a key barrier to EV adoption, as identified by major global business members of our EV100 initiative this week.

The good thing about charging infrastructure is that it doesn’t take a long time to build and install it. Roadside charging stations can be planned and built in a matter of weeks or a few months, while a charging station at home or work takes even less time than that to plan and install.