Union Budget 2022: Battery Swapping Policy Launch to Boost

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In order to scale, promote and use electric vehicles in the country, Union Finance Minister Nirmala Sitharaman on Tuesday announced that a policy for the battery as a service or battery swapping is being prepared and deployed. The announcement was done in the Budget speech of 2022.

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Union Budget 2022

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Introducing the battery swapping policy and recognizing battery and energy as a service will help to develop charging infrastructure and increase the use of EVs in public transportation. It would motivate businesses engaged in delivery and car aggregation businesses to incorporate EVs into their fleet.” EV Charging

“It will create new avenues for companies to venture into the business of battery swapping. Additionally, creating special clean zones will further accelerate the adoption of EVs and spread awareness amongst the citizens. The move will benefit the whole segment, i.e E2W, E3W, E-cars, and buses.” he added.

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A leading supplier for electric vehicles, Sona Comstar spokesperson, said, “The battery swapping policy and rapid expansion of EV charging infra will help convert both customers and manufacturers that were on the fence about EVs. An excellent route to move toward sustainable mobility.” Learn More

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Union Budget 2022: Battery Swapping Policy Launch to Boost

In order to scale, promote and use electric vehicles in the country, Union Finance Minister Nirmala Sitharaman on Tuesday announced that a policy for the battery as a service or battery swapping is being prepared and deployed. The announcement was done in the Budget speech of 2022.

Union Budget 2022

During the speech she said, for setting up battery stations at a mass level a battery swapping policy will be brought and interoperability standards will be formulated.

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