The Role of Software is Growing

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Costs Have Come Down Dramatically
The affordability of the battery itself is the most important reason for increased EV adoption. The cost of a lithium-ion battery used to be around $1,000 per kilowatt hour about a decade ago. Now it costs around $150 per kilowatt hour. The rise in the adoption of electric vehicles can be directly attributed to this reduction in the cost of batteries, which has brought the price of EVs down to a level that many consumers can afford.

Though there has been a recent fluctuation in lithium prices, battery costs are expected to go below $100 per kilowatt hour in the next few years. Coupled with rising fuel costs, this would further accelerate the pace of EV adoption. The battery opportunity for India alone is quite big: Based on various think-tank reports, the estimation is that total demand could reach about 80 gigawatt-hours by 2030 on the conservative side. In an optimistic scenario, total demand could be as high as 150 gigawatt-hours, with the demand for lithium-ion batteries alone far exceeding 25 gigawatt hours by 2026. These new-generation batteries could help boost demand for electric vehicles, and also for telecom applications, distributed rooftop solar applications and diesel generator alternatives as well.



An EV’s lithium battery itself is a software- and semiconductor-intensive product. Today, an EV’s battery management system consists of quite a few algorithms to estimate the various states of charge, safety, function and so on. There is quite a bit of work required to make this battery pack data available on the cloud, where the presence of a digital twin of a battery’s data can optimize the performance of the battery pack. Several Indian companies are doing a lot of work to develop the cloud platforms and communication protocols that will enable this functionality. The role of software in this work is going to be extremely critical to the brazil whatsapp number data EV sector’s ongoing development.



Urban Mining is Becoming Increasingly Important
It is well-known that India does not have the raw material reserves required for battery cell manufacturing, whether it involves lithium, cobalt or nickel. The country is pretty much dependent on imports. This presents a huge opportunity in terms of lithium recycling – what is popularly called urban mining. India has over a billion cell phones, and tens of millions of other electronic gadgets. It has been successfully proven that over 95% of battery material like lithium, cobalt, manganese, nickel and graphite is recoverable, and this recovery can be done in recycling plants with zero effluents. The sheer volume of recyclable electronics means India could be the urban mining capital of the world. If this industry is set up successfully, the country could have enough recycling capacity to produce about 80-gigawatt hours of battery power by 2030. This could meet most of India’s battery power requirements, avoiding the need to import virgin material.

In summary, India’s EV inflection point is here. The country is well on its way to a future where electric vehicles are the standard option for consumers. As price volatility, political instability and environmental concerns – not to mention dwindling reserves – make fossil fuels an increasingly costly and unappealing option, the days of the combustion engine are numbered. Now is the time for consumers, businesses, investors and government entities to embrace India’s electric vehicle future.