“Union Budget 2022 has 3 key announcements related to the EV sector.
Standards for battery interoperability and recognition of business models like Battery-as-a-Service are much needed reforms. Yulu, as India’s largest ‘swappable battery’ operator with the largest shared EV fleet, looks forward to working with the Government & other EV players to strengthen the ecosystem.
Creation of special mobility zones for non-fossil fuel vehicles will help drive adoption of EVs in cities. Over the last 3 years Yulu has been working with several city authorities for the same, and we are glad that it has been formalised in this budget.
