Lithium-ion battery market at your city

5. 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.

Significance for the electric vehicle (EV) industry

Finance Minister Nirmala Sitharaman made the announcement when introducing the Union Budget 2023, making electric vehicles (EVs) more affordable in India by extending the subsidies on their batteries. Green Growth was included as one of the top 7 priorities in the Union Budget 2023. The Pro-EV budget focuses on crucial efforts like cutting the customs duty on lithium batteries from 21% to 13%.

The budget is seen as an important step towards India's transition to the electrification of its transport sector. The budget has announced several measures to encourage the adoption of electric vehicles (EVs).

That’s not all. As per the 2023 Economic Survey, India's domestic electric vehicle market would increase at a CAGR of 49% from 2022 to 2030, with annual sales reaching around ten million units by the end of 2030. Furthermore, the EV sector will provide approximately 50 million related and indirect employment by 2030.
Apart from electric vehicles, we believe that there will be significant opportunities to invest across the value chain including component manufacturers, battery and battery management systems, and mobility services.

The Union Budget 2023 places a special focus on the car scrapping policy, giving sufficient cash to replace vehicles older than 15 years. Automobile makers applauded the move, which would present a big opportunity for fleet modernisation while significantly reducing fossil fuel usage. The goal is to eventually benefit the whole automobile industry ecosystem by increasing order volumes for primary electric vehicle equipment manufacturers, increasing output, and creating jobs.

Solar Energy and Lithium Batteries Courses

Solar Energy and Lithium Batteries Courses at Institute of Solar Technology (https://istindia.org ) and Academy of EV Technology (https://aevt.org ) cover practical assembly, business management, and system design, with options for online and offline learning, and cover topics from basic cell selection to complex pack assembly and ROI calculation.
Institute of Solar Technology (https://istindia.org ) and Academy of EV Technology (https://aevt.org ) offer specialized courses for both technicians and entrepreneurs interested in the growing solar and battery industry.

Ev Charging Station Course

Business/Entrepreneurial Courses:
Guide individuals on how to start and manage an EV charging station business, covering market trends, business opportunities, and necessary infrastructure.
Ev Charging Station Course

Advance Courses Available

Solar Application Li-ion Battery Manufacturing Course , Focuses on the practical setup of battery assembly lines, covering cell selection, testing, module assembly, and business planning such as costing and investment.
PV Technology and Business Management (Online), Targets individuals interested in starting businesses in the solar sector, covering technical aspects and business management.
Solar Project Design Master Course (Online), Aimed at engineers, focusing on designing solar projects.
Li-ion Battery Pack Assembly (Online), Provides detailed instructions on how to assemble lithium-ion battery packs.

Free Training / Courses

The Indian government provides a wide range of free government training and courses. We are processing a variety of online courses in e-mobility and related fields, including vocational training, battery assembly, and EV business management government free or low-cost EV training programs. Some courses require basic knowledge, while others are open to anyone.

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