NEW DELHI, Dec 12: India’s electric vehicle (EV) battery market demand will surge from 17.7 GWh in 2025 to a staggering 256.3 GWh by 2032, according to a Customized Energy Solutions’ (CES) report on Friday. This explosive growth is driven by India’s push toward electrification, with rising fuel prices, strong consumer demand, rapid model launches, and robust policy support, all converging to create a unique growth environment, the 2025 EV Battery Technology Review Report said. It notes that a compound annual growth rate (CAGR) of 35 per cent is expected over the next seven years, signalling a seismic shift in the nation’s automotive sector. As electric mobility accelerates worldwide, the report provides deep insights into breakthroughs in chemistry, performance, advancements, and
India’s EV battery demand to rise multifold to 256.3 GWh by 2032: Report
Daily Excelsior3 hrs ago
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