According to Prime Minister Modi, how will solar panels for households impact the cost of batteries for electric vehicles

1. One point mentioned by Prime Minister Modi is that the deployment of solar panels for households will increase the demand for batteries. This increased demand will lead to economies of scale in battery production, causing a reduction in their cost.
2. The use of solar panels in households will encourage more people to switch to electric vehicles. As the adoption of electric vehicles increases, the demand for batteries will also grow, leading to further reductions in costs.
3. Prime Minister Modi also highlighted the potential for synergies between solar power generation and battery storage. Solar panels can produce excess energy during the day, which can then be stored in batteries and used to charge electric vehicles at night. This integration can maximize the efficient use of renewable energy resources.
4. By reducing the cost of batteries, the overall cost of electric vehicles will also decrease, making them more affordable for the masses. This affordability factor will contribute to the acceleration of electric vehicle adoption across the country.
5. Ultimately, as more households adopt solar panels and more people switch to electric vehicles, the demand for batteries will continue to increase. This sustained demand will drive innovation and further cost reductions in battery technology, making electric vehicles an even more viable and sustainable mode of transportation.

It is important to note that these points are based on Prime Minister Modi's statements and are subject to factors such as market conditions, technological advancements, and government policies. However, the general idea is that the use of solar panels for households will have a positive impact on the cost of batteries for electric vehicles.