Why the Future Economy Hinges on Lithium Battery Companies?

Why the Future Economy Hinges on Lithium Battery Companies?

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The future of electric cars in India seems to be quite bright. International automakers have predicted the scope of electric vehicles in India, so they are planning to enter the Indian market. The rising interest of the international business tycoon indicates that electric vehicles will be a big thing in the future, not only in India but across the globe.

 EVs or electric vehicles are sustainable alternatives to Internal combustion engine (ICE) vehicles. Due to the depletion of natural resources, the countries are looking forward to going ahead with a carbon-free world, and EVs will play the most vital role in attaining this target to a great extent. Today, there is a need to find an alternative to ICE vehicles that will not be hazardous to the environment. The harmful gasses released due to combustion causes environmental pollution and contributes to the deletion of the ozone layer.

The EV industry will be the most promising. The Future of the Economy Hinges on Lithium Battery Companies as lithium-ion batteries’ primary power source for these vehicles.

With the rise in the EV industry, the demand for Lithium batteries will also rise. The demand for lithium-ion recycling will also increase due to limited resources in the world.

Indian Government on Electric Car

The Indian government has shown a clean chit to EVs, encouraging the manufacturing of EVs. The government is providing various subsidies for the manufacturing of EVs in India. Legendary automakers such as TATA Motors and Mahindra have already launched some EVs in the market. The primary source of power in EVs is lithium-ion batteries. These batteries primarily consist of materials such as lithium, cobalt, and nickel. These raw materials are available in minimal quantities in India. Hence, India used to import these from the other part of the world.

Why do we need lithium-ion battery recycling companies in India?

Recently, numerous startups have been established in India for lithium-ion battery recycling. An organization like BatX has been raised in recent past years. They used to recycle the lithium battery in an environment-friendly manner to extract maximum recovery of the graphite, nickel, cobalt, copper, manganese, and lithium. They ensure this by having correct recycling technologies.

India has taken an invitation to become the ‘Atma Nirbhar,’ India as a country has realized that recycling lithium batteries play a crucial role in making us self-reliant. The lithium-ion battery’s recycling rate is still very low in countries like India. The lithium-ion battery recycling companies are essential for economic and environmental purposes. Apart from the economic benefits, lithium-ion recycling has numerous benefits. So some of the benefits of lithium-ion recycling are mentioned below;-

The material used for electric battery manufacturing comes from non-renewable resources after mining in the environment. We can avoid the over-exploitation of these precious resources by recycling lithium-ion batteries. The merit of reusing these materials can easily lead to a significant reduction in the overconsumption of raw materials.

Recycling lithium batteries can also assist us in avoiding environmental degradation. The significant components of lithium-ion batteries are highly toxic for humans and the environment. During the recycling process, battery recycling companies provide the necessary treatment to avoid dumping a hazardous substance directly into the environment. These batteries can be used in the secondary sources after recycling, or the elements such as lithium, lead, zinc, and nickel available in the battery can be used for different purposes.

Due to the limited availability of resources, the prices of these batteries are comparatively high. So, by recycling the used batteries. And wean avail these batteries at an affordable price.

Creating new jobs is one of the significant essential aspects of lithium-ion recycling. The rise in lithium-ion battery recycling companies in India also gives rise to employment opportunities in India for unskilled, semi-skilled, and skilled workers.

Li-ion battery recycling can be beneficial for preserving rare to rarest materials such as iron, nickel, cobalt, etc. These materials can be reused for several years by performing chemical processes. Apart from the commercial benefits, these batteries can be used to preserve nature.

Conclusion

It is beyond doubt that EVs such as cars and bikes are significant steps taken by humans on earth to cut down the intensity of the carbons and toxins in the environment. As per the survey, the automobile industry makes around 14-15% of the greenhouse gas emissions globally. In India, air pollution is increasing every year with a massive count. And the quality of metro cities is nothing to be proud of.

In upcoming years, as per the need, the market of EVs will rapidly expand, accelerating the need for lithium batteries for energy purposes. It will give rise to the lithium-ion battery recycling companies, as it was an excellent opportunity for these companies to collect the vast market. The recycled lithium battery can be used to retain two-thirds of its remaining energy. When the production of EVs rises, one of the most challenging hurdles in opting for the Lithium battery will become the price and availability.

BatX Energies is one of the rarest organizations providing lithium battery recycling services across India. BatX Energies was built with a vision to deliver a cost-effective, high-quality, sustainable energy source by decreasing carbon emissions and improving the quality of human life. They are highly committed to providing the best services to their customers. They have a team of highly experienced and qualified professionals who handle the work of integration, separation, and filtration to keep the damage ratio minimum.

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