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Most people think EVs are the future. Few realize battery recycling could become one of India’s biggest business opportunities. As millions of electric vehicles hit the roads, their batteries will eventually reach end of life, creating a massive demand for recycling. The companies building this ecosystem today could benefit from one of the fastest-growing industries of the next decade. Key facts: • India currently recycles only about 1% of its lithium-ion batteries • The battery recycling market could reach $3.5 billion by 2030 • Battery waste is expected to grow 6× by 2030 and nearly 50× by 2035 • Recycling can recover 18–30 kg of lithium per tonne, compared to just 2–7 kg from traditional mining • Valuable materials like lithium, cobalt, nickel, and manganese can be recovered and reused The biggest recycling wave is expected between 2028 and 2030, making this the ideal time to build infrastructure and businesses in the sector. Could EV battery recycling become India’s next billion-dollar industry? Share your thoughts below. 👇

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This post was published on 01st July, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 252.0K followers on Instagram and has a total of 3.1K post. Suraj receives an average engagement rate of % per post on Instagram. This post has received 48 comments which are greater than the average comments that Suraj gets. Overall the engagement rate for this post was than the average for the profile.