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What has the Supreme Court said about the ownership of land? How big is India’s electric vehicle market? How are the South American countries of Chile and Bolivia managing their lithium reserves? What lies in India’s future concerns the lithium industry? (250 Words)
 
Introduction
 
Start your answer by writing about the Supreme Court verdict regarding ownership of land
 
The Supreme Court of India has made several significant judgments regarding the ownership of land. One of the landmark judgments was in the case of the State of Punjab vs. Gurdev Singh, where the court held that the ownership of land is vested with the tillers or cultivators and not the intermediaries or absentee landlords.
 
 
 
Body
 
Write the body of your answer addressing the main crux of the question which is India’s electric vehicle market
 
India's electric vehicle market has been growing steadily in recent years. The government has implemented various initiatives and policies to promote the adoption of electric vehicles (EVs) in the country. As of 2021, the electric vehicle market in India was valued at around $2.5 billion. It is estimated that the market will continue to expand, reaching a value of $47 billion by 2026.
 
Chile and Bolivia's Management of Lithium Reserves: Chile and Bolivia are known for their significant lithium reserves. Both countries have adopted different approaches to managing their lithium resources:

Chile: Chile is the world's largest producer of lithium. The country has chosen to exploit its lithium reserves through partnerships with private companies. The state-owned company, Codelco, formed joint ventures with international mining companies to develop lithium projects. Chile has focused on attracting foreign investment, expanding production capacity, and promoting value-added lithium processing.

Bolivia: Bolivia possesses large lithium reserves in the Salar de Uyuni. The country has taken a more protectionist approach to lithium resources. The state-owned company, Yacimientos de Litio Bolivianos (YLB), controls the exploration, extraction, and processing of lithium. Bolivia aims to develop a domestic lithium industry to create value-added products and reduce reliance on foreign companies.

 
India's Future Concerns in the Lithium Industry: India's future concerns in the lithium industry revolve around the country's growing demand for lithium-ion batteries due to the expansion of the electric vehicle and renewable energy sectors. While India has limited domestic lithium reserves, it heavily relies on lithium imports, primarily from countries like China, Australia, and Argentina.
 
Conclusion
 
Your conclusions should be balanced, simple and short. It weighs more if you suggest a possible solution to it.
 
Despite the challenges, India has the potential to become a major player in the global lithium industry. The government’s plans to invest in the exploration and development of lithium resources, coupled with the growing demand for electric vehicles, are expected to boost the growth of the lithium industry in India.
02-Jun 2023
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