EV industry to get big push from battery swapping policy
POWER & RENEWABLE ENERGY

EV industry to get big push from battery swapping policy

The electric vehicle (EV) industry will get a boost, certainly in public transport due to the formulation of a Battery Swapping Policy announced by Finance Minister Nirmala Sitharaman in the budget speech. It presents an affordable option to the big issue of range anxiety.

The battery swapping enables consumers with a replacement for depleted batteries with fully-charged batteries at specific stations. This leads to a reduction in the charging time for EVs to only a few minutes, which makes it comparable to conventional vehicles.

The provision for interoperability standards in the budget will enable the EV industry’s collaborations and increase the pace of developing battery swapping networks in India.

The reduction in charging time due to battery swapping increases the use of EVs purchased for commercial purposes. Therefore, assisting buyers in achieving a break-even soon.

Additionally, it will motivate delivery and car aggregation businesses to incorporate EVs into their fleet.

The finance minister mentioned that the private sector organisations are encouraged to provide battery or energy as a service. This will help in creating new avenues for organisations to form business ventures with businesses of battery swapping.

The Battery swapping policy includes interoperability that could boost all the startups currently working in this industry. Sun Mobility, Charge up, Battery Smart, and Bounce are a few startups in the field.

Image Source

The electric vehicle (EV) industry will get a boost, certainly in public transport due to the formulation of a Battery Swapping Policy announced by Finance Minister Nirmala Sitharaman in the budget speech. It presents an affordable option to the big issue of range anxiety. The battery swapping enables consumers with a replacement for depleted batteries with fully-charged batteries at specific stations. This leads to a reduction in the charging time for EVs to only a few minutes, which makes it comparable to conventional vehicles. The provision for interoperability standards in the budget will enable the EV industry’s collaborations and increase the pace of developing battery swapping networks in India. The reduction in charging time due to battery swapping increases the use of EVs purchased for commercial purposes. Therefore, assisting buyers in achieving a break-even soon. Additionally, it will motivate delivery and car aggregation businesses to incorporate EVs into their fleet. The finance minister mentioned that the private sector organisations are encouraged to provide battery or energy as a service. This will help in creating new avenues for organisations to form business ventures with businesses of battery swapping. The Battery swapping policy includes interoperability that could boost all the startups currently working in this industry. Sun Mobility, Charge up, Battery Smart, and Bounce are a few startups in the field. Image Source

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement