Where is India's Battery Recycling Industry Heading To?
Sustainable Battery Recycling - India’s Push Towards Cleaner Energy?
India’s race to reduce Co2 emissions from the ecosystem has increased the trend of shifting towards greener and cleaner energy with time. Such trends have significantly impacted India’s EV market by pushing it towards profitability.?
Consequently, India’s EV market now aims to increase its sales target by 30%? within 2030 and generate 50% of power from greener energy sources.
The government’s approval of sanctioning 18,615,496 INR under the PLI (Production Linked Incentive) Scheme further encourages local battery manufacturers to accept greener battery recycling solutions.??
However, building a circular battery recycling business economy loop In India brings certain challenges forward.?
Let's explain those, one by one.?
Battery Recycling Challenges in India – Key Pain-Points
Only urban mining can recover valuable minerals via battery recycling. While urban waste mining unleashes opportunities for the Indian battery waste recycling market, it also poses certain challenges!
Some of those hardships have been identified below
The government has offered sustainable alternatives to mitigate these challenges bothering the battery recycling sector.?
Some of those initiatives have been shared below.?
India's Initiative to Boost Battery Recycling Market
Start-ups Are Playing Major Role
Various start-ups are developing cleaner and cost-effective solutions to recycle used batteries. Companies like Arkca Corporate have been offering professional consultation for filing annual EPR returns on battery waste compliances every year.?
This year also, it is aiming to reach out to maximum filers with their professional assistance in filing Annual EPR Returns for battery waste compliances by 31st March 2025.?
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Government’s Initiative to Boost Battery Recycling Sector?
Pushing the e-waste recycling sector to hit around 7.5 billion by 2030. The government also plans to strengthen the EPR for battery waste management rule in India. Integrate informal battery recyclers into EPR’s formal battery recycling framework for encouraging battery recycling.
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Conclusion?
India’s battery recycling market has huge potential to enforce greener energy solutions for the battery recycling sector. It’s time to embrace those sustainable alternatives for heading India’s battery recycling market into an opportunity driven by growth.
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2 天前A gem of an article that exposes the sordid state of the Indian administration and governance