How Lithium Deposits Can Build India’s Electric Vehicle Stack

How Lithium Deposits Can Build India’s Electric Vehicle Stack

SUMMARY

According to the Petroleum Planning and Analysis Cell of the Government of India, India’s net imports of petroleum products in December 2022 totalled $11.9 Bn

However, finding a resource is not enough. India must develop an entire chemical, engineering and manufacturing ecosystem around it to own the entire stack for the future of EV mobility

India already has a significant automotive industry and we should leverage this to build the key components of the electric vehicle stack in India

The Geological Survey of India’s recent announcement of a find of substantial amounts of lithium deposits in the Reasi district of Jammu is excellent news for India. However, India would do well to heed the lessons of other nations that have been caught in the natural resources trap and not waste this find if, environmental concerns notwithstanding, we decide to mine the lithium ore.

India has always been a country that has needed to import energy. According to the Petroleum Planning and Analysis Cell of the Government of India, India’s net imports of petroleum products in December 2022 totalled $11.9 Bn. 

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