Scope and Future of Lithium Ion Battery & EV Battery Recycling in India

Scope and Future of Lithium Ion Battery & EV Battery Recycling in India 

Lithium-ion and EV battery recycling is poised to become the next "gold mine" in India.

The reason for this is the high volume of batteries currently in use or imported into the country. Imports of Batteries starts in 2016, and the Battery Waste Management Rules were revised in 2022. As the service life of these batteries ends—and considering the growing number of EV batteries reaching the end of their lifecycle we are looking at a massive accumulation of scrap lithium-ion and EV batteries (amounting to millions of units) by 2030. However, the biggest challenge remains who exactly will recycle them?

Landfill of Lithium Ion & EV scrap batteries In India 

Currently, only about one percent of lithium-ion batteries in India are being recycled properly and the rest are being dumped informally. It is well known that recycling EV battery scrap or lithium-ion batteries allows for the recovery of critical minerals like lithium and cobalt.

The battery recycling market in India is projected to reach $3.5 billion by 2030.

Furthermore, the volume of lithium-ion battery waste is expected to increase fifty times by 2035.

How Lithium Ion Recycling & EV Recycling business become profitable 

Given these figures, it is evident that the sooner the establishment on large-scale of lithium-ion and EV battery recycling plants in India, the better we can protect our environment from pollution. Setting up a lithium-ion or EV battery scrap recycling plant in India is proving to be a highly lucrative venture for existing recyclers, and it holds great promise for future entrants as well. This is because recycling just one metric ton of lithium-ion or EV scrap batteries allows for the recovery of 18 to 30 kg of lithium, 50 to 55% of black mask, 10 to15% copper, and 10to 20% aluminum. Additionally, plastics and other ferrous and non-ferrous metals can also be extracted.

You can sell these valuable materials to authorized recyclers or export them to foreign countries to generate significant revenue.

Given these figures, it is evident that establishing a lithium-ion or EV scrap battery recycling plant in India is a sound business decision, as the volume of scrap batteries grows in the country, the demand for recycling services will inevitably rise.

How Enviroxperts assist you 

Any entrepreneur interested in setting up Lithium Ion Recycling Plant in India or EV Battery Recycling plant in India can connect with a team of Enviroxperts. Our team will provide end to end guidance and support from initial advice to preparing and submitting the necessary documentation to the relevant licensing authorities and helps you in Filling, Submission of application to the concern departments.