New Delhi Aims to Boost Domestic Processing of Key Electric Vehicle Materials
India is in the advanced stages of developing an incentive scheme for processing critical minerals, with a focus on reducing reliance on imports and building local refining capacity. The policy aims to support the development of domestic lithium and nickel processing plants, according to mines secretary Piyush Goyal. This move is part of India’s efforts to boost its electric vehicle industry and reduce its dependence on international markets. The development was reported by Reuters.