India Considers Extending 5% Duty on Lithium-Ion Cells

The Indian government is thinking about keeping a special low tax of 5% on lithium-ion cells.

These are important parts used in making batteries.

Right now, India is still learning how to make these batteries, so most companies just put together batteries using parts they buy from other countries.

A group called IESA says this low tax helps because if the tax goes up, it will be harder for these companies.

They think India will be able to make these batteries on a big scale by the end of the 2020s.

So, keeping the tax low helps the companies that are still learning to make batteries in India.