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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Batteries are utilised in automobiles as a backup power source. Batteries used to power a battery electric vehicle's propulsion system is known as electric vehicle batteries (EVBs).
Typically rechargeable batteries with a large ampere-hour capacity are used in electric car batteries. These batteries are compact and lightweight, which also aids in reducing the car's weight and improving the performance of the vehicle.
A considerable demand for electric cars has been generated, which drives up the demand for batteries. This is due to growing worries about the adverse effects of climate change and global warming as well as worrisome pollution levels observed in important Asian Pacific nations like India.
The reuse and recycling of EV batteries is still in its infancy, but it is gaining traction thanks to research and significant funding. The battery makers are attempting to limit the quantity of problematic, difficult-to-source metals in their cells, which has the potential to reduce their viability for cost-effective recycling
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Another option that has received federal research support is direct recycling or recovery, which has the advantage of maintaining the complete cathode material. Some people are sceptical about the recycling of lithium-ion batteries.
The India EV Battery Recycling Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
MG Motor, a car manufacturer, has declared its intention to enter the battery recycling market. In order to reuse and recycle the Li-ion batteries of India's first pure electric SUV, the ZS EV, MG Motor India has partnered with Attero Recycling.
They were able to effectively recycle the first electric vehicle (EV) battery made by MG, and the metal extracts and other products from the recycling process may be utilised to create new batteries.
As EV players gain momentum, India's ability to manage E-waste sustainably is becoming increasingly important. It also holds the key to assisting the shift from a linear to a circular economy in our nation. Since we have the technology, we can remove practically all of the metals from a lithium-ion battery.
The recycling of the lithium batteries used in eBikeGo's electric cars has begun. These used batteries are either at the start of or in the midst of their lives.
When an EV battery's capacity drops by around 25%, it is removed from the car. As a result, a 1000 Wh battery would be removed from an EV if it began to store just 750 Wh. At that time, it may be utilised for solar power plants and other projects.
Every battery type, including lead-acid and all Li-ion varieties, is eligible for recycling under this programme. eBikeGo also said that infrastructure was being built to recycle these batteries.
Lithium may be extracted from used batteries using the standard recycling procedure for Li-ion batteries. It can remove more than 99 percent of the spent lithium. Then it will need to be used to create a new battery. To give its batteries a second life, eBikeGo intends to partner with producers of solar panels.
Some Bengaluru-based startups are developing solutions to provide efficient batteries for electric vehicles or to recycle used batteries in order to lessen the carbon impact of these batteries. In India and Karnataka, the use of electric vehicles is growing.
Lithium ion batteries, which are crucial components of electric vehicles, are now primarily imported. Several of these companies believe that because of the scarcity of organised recycling markets and traditional procedures, battery recycling is a concern for the environment and public health.
As the popularity of electric cars (EVs) develops in India, there are worries about the environmental impact of the garbage they may produce, emphasising the importance of proper disposal and recycling of EV batteries and associated debris.
So far, the recycled batteries have been utilised to light up carts of street vendors, small retailers, and others, as well as to meet some of the energy needs of a BSNL Telecom Tower in Bengaluruâs Jayanagar district.
The business claims to be employing patented technology to minimise the usage of chemicals and reduce waste generation in lithium-ion battery recycling, which is supposedly done using standard procedures.
The overall goal is to make the recycling process more sustainable while also reducing imports of materials used in battery manufacturing. India lacks lithium and cobalt mining. They are not employing any standard method of battery recycling, and this distinctive procedure is the unique selling point.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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