EV batteries

Exicom Tele-Systems will recycle electric vehicle batteries at the end of their lifecycle to develop custom battery packs for non-automotive applications such as home inverters, commercial & industrial UPS, and renewable energy storage.

The smarter E India event for the new energy world will bring together Intersolar India, ees India and Power2Drive India at the Bangalore International Exhibition Centre (BIEC), from November 27 to 29.

The recycling market will experience a tenfold expansion between last year and 2030, driven by EV battery usage and portable electronics. Retrieving valuable metals and minerals is becoming a high priority and several dozen companies are already in position for the first big wave of end-of-life batteries.

The company aims to emerge as a global leader in battery pack manufacturing with plans to set up a manufacturing unit in India in 2020-21 and the USA.

Range anxiety continues to be an obstacle to electric vehicle take-up but the nation’s willingness to embrace car-sharing and other workarounds offers plenty of promise to the sector, according a World Economic Forum report.

EU industry body EUROBAT has called for the bloc to adopt a battery industrial strategy and has pushed the claims of domestic manufacturers in the same manner as India has, as the race hots up to dominate the global energy storage market.

While some of the industry insiders gathered at REI 2019 have made predictable calls to be free of the restrictions imposed by regulators, others maintained policy support is crucial and audience members voiced concern about India’s lack of recycling rules.

The state-run fossil fuel giant has partnered with an unnamed foreign start-up to produce electric vehicle batteries using raw materials easily available in India.

The energy storage market is set to be the latest affected by Trump’s trade war as lithium-ion batteries were excluded from the group of Chinese imports for which the U.S. president announced tariffs would be delayed until December 15.

The new budget aims to seize the opportunity in energy storage and EVs through a range of incentives. However, alongside demand, production and export, the government also needs to focus on e-waste management and Li-ion battery recycling to sustain raw material supply and minimize environmental impact.