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MRR Journal

Abstract

Indian Journal of Modern Research and Reviews, 2026; 4(1): 105-113

Economic Implications of China's Rare Earth Export Controls on India's Electric Vehicle Industry

Author Name: Abhishek A. Tiwari

1. Temporary, Assistant Professor, Department of Accounting and Finance, The Maharaja Sayajirao University of Baroda, Vadodara, Gujarat, India

Abstract

<p>China&#39;s escalating export restrictions on rare earth elements represent a critical geopolitical supply-side shock to India&#39;s electric vehicle sector.</p>

<p>Since April 2025, China has progressively restricted exports of 12 rare earth elements, impacting India&#39;s magnet supply chains and threatening EV production growth.</p>

<p>This research examines the multifaceted economic implications through secondary data analysis, case studies of industry disruptions, and evaluation of government policy responses.</p>

<p>The study reveals structural vulnerabilities in India&#39;s supply chain architecture, examines interconnections between geopolitical tensions and economic outcomes, and assesses the adequacy of strategic responses, including the National Critical Mineral Mission and Production-Linked Incentive enhancements.</p>

<p>Findings suggest that strategic diversification through international partnerships, domestic capacity building, and innovation-focused policies is necessary to sustain India&#39;s EV transition amid geopolitical constraints.</p>

Keywords

Critical minerals, Electric vehicle supply chain, rare earth elements, Trade policy and geopolitics, Supply chain resilience.