India Lithium Ion Battery Market is Projected to grow at a CAGR of 18.3% during the forecast period

Gmi Research28 Jul, 2022Technology

The factors driving the growth of Lithium Ion Battery Market includes increasing adoption of lithium ion batteries in the end-use industries such as Telecom and electronics, growing emphasis on renewable energy and rise in the sales of electric vehicles. According to the report published by Business Today, the Electric Vehicle (EV) Market in India is estimated to reach USD 150 billion by the end of 2030, while exhibiting a CAGR of 90% over the forecast period (2021-2030).