After liberalisation of the nineties, India has become one of the largest markets for computers, telephones, bulk drugs, organic chemicals, solar energy and electric vehicles. This week we deal with Electric Vehicles from two and three wheelers to the electric car and bus. E rickshaws mostly use lead acid batteries and for lithium-ion batteries, they import from China. China took the lead in storage technology around the turn of the century. China Investment Corporation made sizeable investments in mining and processing of rare earths after the nineties with facilities in China and South America, as a result of which they control 70% of the market.

Source: Economic Times June 10, 2020 04:52 UTC