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The Crucial Role of Batteries in Boosting the Growth of Electric Vehicles in India
Manage episode 390782541 series 3474385
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This story was originally published on HackerNoon at: https://hackernoon.com/the-crucial-role-of-batteries-in-boosting-the-growth-of-electric-vehicles-in-india.
In a rapidly evolving world towards sustainable and environmentally conscious solutions, the electric vehicle (EV) industry has emerged as a formidable force.
Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #ev, #ev-industry, #ev-adoption, #ev-batteries, #indian-ev-industry, #indian-ev-market-trends, #lithium-ion-batteries, #reusable-ev-batteries, and more.
This story was written by: @thetechpanda. Learn more about this writer by checking @thetechpanda's about page, and for more stories, please visit hackernoon.com.
The Indian EV battery market size is expected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, at a CAGR of 10.56% between 2023 and 2028. India has huge potential for in manufacturing EV battery packs as the country is heavily dependent on importing 60-65% of the total component requirement.
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