THE MANUFACTURING OF electric vehicles (EVS) in India will increase its dependence on China for raw materials, mineral processing, and battery production, a report by economic think tank Global Trade Research Initiative (GTRI) has said.
China has bought the largest lithium mines in Australia and South America. It processes more than 60% of the lithium produced globally. It also processes 65% of cobalt and 93% of manganese.
China makes three out of four batteries produced globally, it said, adding over 100 Chinese battery units make 60% of the cathodes and 80% of the anodes used in lithium-ion cells.
The report pointed out that EVS have implications on jobs and pollution and it identified 13 issues related to interests of consumers, industry, and the government for an evaluation.
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