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India recycles only 1% of its end-of-life lithium-ion batteries into usable materials: ICEA report

  • A report by ICEA and Accenture proposes a strategic roadmap to establish a $3.5 billion circular battery economy in India by 2030.
  • The report emphasizes pragmatic policy regulations for utilizing recycled materials to enhance the availability of high-quality recycled material.
  • Implementation of recommendations could create 41,000 green jobs by 2030, reduce carbon emissions by 75,000 tonnes annually, and conserve 5.7 billion gallons of water.
  • Key focus areas include scaling domestic cell manufacturing, building hydrometallurgical capabilities, reforming trade regulations, and enhancing reverse logistics.

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