Creating a globally competitive electric vehicle manufacturing sector is India’s response to translating the climate crisis into a growth opportunity. The impact of the changing climate is profound, as it affects the lives of thousands around the globe. A critical step towards fighting such an imperative problem is by decreasing emission in one of the largest emitting sectors, i.e., transportation. In this regard, the introduction of Electric Vehicles (EVs) is a boon for the transportation sector. Currently, India has implemented many policies to accelerate the adoption of EVs. Some of these policies include Faster Adoption and Manufacturing of Electric Vehicles (FAME) I & II, Production Linked Incentive (PLI) Scheme for the manufacturing of Advanced Chemistry Cell, etc. These policies form the centrepiece of India’s commitment to decarbonising its transportation sector, showcasing its commitment of mitigating global climate change.
It, therefore, gives us great pleasure to introduce our readers to the report on Understanding Investment, Trade, and Battery Waste Management Linkages for a Globally Competitive EV Manufacturing Sector, a joint production between the Indian Council for Research on International Economic Relations (ICRIER) and the International Institute of Sustainable Development (IISD). The report makes an attempt to comprehend various challenges in trade, investment and battery waste management of EVs in India and identifies diverse solutions to aid India’s EV transition. This summary captures, in brief, the major findings of the larger study aimed towards policy makers, and technology enablers.
It discusses detailed stylized facts on trade and tariffs of goods involved in the EV value-chain as well as on investment, addressing regulatory barriers to trade and investment in the EV value-chain and identifying key barriers such as charging infrastructure, supply chain concerns, and skill gaps. At the same time, deliberating on the far end of the EV value chain, the results also focus explicitly on the effective management of EV battery waste. The three critical pillars for battery waste management i.e., technology, employment opportunities, policy and regulations are discussed in detail to draw attention to the crucial role the battery waste sector can play in the economy. Both ICRIER and IISD are committed to playing a constructive part in this transition towards a cleaner economy by providing bold and crucial inputs on the platform of greener policies discussion.
This report is a necessity towards understanding the current EV landscape. It helps to fill in the crucial gap of information to ensure an effective framework in place, to then aid the process of making informed decisions for efficient policymaking. We would like to commend the report’s authors for putting this summary version together in the current format. At the same time, we would also like to express our gratitude towards the stakeholders who have generously contributed to the report. Sincerely, Deepak Mishra Peter Wooders Director and CE Senior Director, Energy ICRIER IISD 1. Foreword Page | 3 1 Foreword Creating a globally competitive electric vehicle manufacturing sector is India’s response to translating the climate crisis into a growth opportunity. The impact of the changing climate is profound, as it affects the lives of thousands around the globe. A critical step towards fighting such an imperative problem is b