Govt may formalise incentives for critical minerals recycling this year

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One source said the money would be spent over four to five years and should be sufficient to kickstart the industry.

EV sales accounted for just 2.5 per cent of the 4.3 million cars sold in India in 2024, but were up 20 per cent against just 5 per cent for the overall car market.

Some of these are essential for electric vehicles, whose production India is trying to encourage to reduce its reliance on fossil fuels.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Recycling Minerals Critical minerals Indian govt Metals Mineral recycling

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 14:08:55 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27718017

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