Commodities Used in Electric Car Batteries: An Update on Lithium and Nickel
Resilinc
NOVEMBER 1, 2023
In India, the national Production Linked Incentive (PLI) is set to encourage domestic EV manufacturing—and this is just a glimpse of the latest policies worldwide. By 2040, over 60% of demand for nickel is projected to come from batteries—up from less than 10% in 2020. from 2023 to 2030.
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