3 Ways Reliance’s New Clean Energy Plans Will Benefit The Auto Sector

Its Rs 75,000 crore investment may help make electric vehicles affordable in the country

In its 44th Annual General Meeting, Reliance announced new initiatives and investments for the clean energy sector. This move will promote the government’s ‘Make In India’ goals, especially for the EV sector. 

Here are three ways these investments will benefit the automobile industry and the consumers: 

1. Battery Storage Factory

Reliance plans to set up four Giga factories, out of which one will be used to manufacture batteries. The company could also take this opportunity to supply batteries to carmakers, which would help them with competitive pricing. 

2. Electrolyzer Unit 

Electrolyzer is a system that uses electricity to split water into hydrogen and oxygen in a process called electrolysis. A new Reliance unit will see the production of hydrogen gas, which will be used to power several vehicles. 

3. Fuel Cell Manufacturing Factory

Reliance also plans to establish a hydrogen fuel cell manufacturing unit. Back in 2019, the Indian government floated a draft to include hydrogen as a fuel option. It is one of the cleanest fuels with the only byproduct being clean water. Besides, it does not require heavy battery packs.

• Hyundai’s Nexo Electric SUV May Be India’s First Hydrogen-powered Vehicle
• Upcoming Electric Cars In India

Meanwhile, Hyundai has already registered the Nexo hydrogen fuel cell vehicle in India, which could offer a driving range of over 1,000 kilometres! The highlight, though, has to be the time required to refuel it -- just 5 minutes!

Once operational, these units should benefit other locally manufactured electric vehicles as well.