India–EU Joint Initiative to Strengthen EV Battery Recycling
Context: India and the European Union launched a €15.2 million joint initiative under the Trade and Technology Council (TTC) to boost EV battery recycling.
AboutIndia–EU Joint Initiative to Strengthen EV Battery Recycling:
What it is?
- A collaborative research and innovation programme under the India–EU Trade and Technology Council (TTC) to develop advanced EV battery recycling technologies.
Aim:
- To secure critical raw materials like lithium, cobalt, and graphite through efficient recycling systems.
- To promote circular economy practices and strengthen India–EU green technology cooperation.
Key Features:
- Funding Support: Joint funding of €15.2 million (~₹169 crore) via EU’s Horizon Europe and India’s Ministry of Heavy Industries.
- Advanced Technologies: Focus on high-efficiency material recovery and pilot-scale demonstration of innovative recycling processes.
- Pilot Line in India: Establishment of a joint India–EU pilot facility for real-world testing and industrial deployment.
- Inclusive Ecosystem: Emphasis on safe, digitalized collection systems and integration of informal sector logistics.
Significance:
- Resource Security: Reduces dependence on imports of critical minerals essential for EVs and clean energy.
- Green Transition: Strengthens sustainable supply chains and supports climate commitments through circular economy practices.