With a million-odd electric vehicles (EVs) – two-wheelers, e-rickshaws, buses and passenger cars – expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components – the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips – account for nearly 60 per cent of the cost of an EV.
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