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Union Budget 2022: Govt To Bring Battery Swapping Policy, Formulate Inter-Operability Standards, Says FM Sitharaman
A battery swapping station (@nihart1024/Twitter)
Union Finance Minister Nirmala Sitharaman on Tuesday (1 February) presented the Union Budget 2022-23 in the Parliament.
In her budget speech, the Finance Minister said that the government will bring a battery swapping policy to tackle the space-constraint for EV charging infrastructure in urban areas.
"Considering the constraint of space in urban areas for setting up charging stations at scale, a battery swapping policy will be brought out and inter-operability standards will be formulated," FM Sitharaman said.
She further said that the private sector will be encouraged to develop sustainable and innovative business models for battery or energy as a service.
"This will improve efficiency in the EV ecosystem," she added.
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