NEW DELHI: To promote green mobility, Union finance minister Nirmala Sitharaman in her Budget 2022 speech announced that the government will soon come up with a battery-swapping policy and develop “special mobility zones” for electric vehicles (EVs). The battery swapping policy is expected to give a big boost to the e-commerce delivery and three-wheeler transport service sector as both these categories are bound by time constraints making instant battery swapping more viable over charging the existing battery.
“To promote a shift to the use of public transport in urban areas…special mobility zones with zero fossil fuel policy to be introduced…Considering space constraints in urban areas, a ‘Battery Swapping Policy’ will be brought in,” Sitharaman said in her budget speech.
India has set a target of 30% EV sales penetration for private cars, 70% for commercial vehicles, 40% for buses and 80% for two-wheelers and three-wheelers by 2030.
