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
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code