the country according to nitin kapoor managing director of saera electric auto private limited the availability of lithium from domestic reserves supports the governments ambitious target of achieving 30 electric mobility by 2030 and will help in mitigating climate change by reducing emissions it can accelerate the shift towards sustainable and cleaner transportation boost the domestic manufacturing sector and contribute to the governments vision of a greener futurethe use of lithiumion batteries in electric vehicles is expected to grow significantly in the coming years according to a report by bloomberg new energy finance electric vehicles could account for nearly 30 of new car sales worldwide by 2040 india also is pursuing an aggressive ev adoption plan and the development of lithium reserves in jammu and kashmir and rajasthan would provide a significant boost to indias ev industry it would help reduce the cost of electric vehicles and make them more affordable for consumers among many other benefitsrepresentational imageaccording to a study conducted by the council on energy environment and water ceew the cumulative energy storage requirement from utility storage and electric vehicles is expected to be 903 gwh between 2021 to 2030 considering that its costs usd 45 billion to set up a 50 gwh lithiumion cell and battery manufacturing plant under the production linked incentive pli scheme the new found reserves could help bring down these costs significantly and catapult india into becoming a major stakeholder in the global lithium supply chainmoreover the high content of lithium found in the jammu and kashmir reserves will give india an added edge as our yield will be higher than other countries according to the geological survey of india gsi the standard lithium found elsewhere is 220 parts per million ppm while in jammu and kashmir the lithium found is estimated to be at 500 ppm density this means we yield twice the lithium for the same effortrepresentational imagecombined with the fact that lithium can be recycled and reused indefinitely this puts india in a prime position to benefit in a circular manner mining processing manufacturing and recycling can be done under the same roof so to say and domestic stakeholders get to control the supply chain over time when india starts producing 10 million evs annually the same amount of used ev battery packs will start getting recycled this means the ev battery packs will become neutral as they are built out of recycled lithiumin a recent conversation with toi auto rajat verma founder ceo lohum said in 2022 the global ecosystem manufactured about 800 gwh of batteries we expect this number to go up to 3000 gwh by 202728 now that is the amount of material that will come back by 203435 once the batteries reach endoflife can we have a vision that 50 percent of that material actually comes to india and we recycle it and start controlling the global supply chain that is the vision we should have that means that we should be talking about creating