Battery policy could help in the spurt of innovative business models
Battery swapping policy proposed in the Union Budget can add more green to e-mobility plans
Union Finance Minister Nirmala Sitharaman, in her budget presentation on Tuesday, harked on green mobility measures that could give rise to a new business segment in the country.
The battery swapping policy and interoperability standards as announced in the Budget could very well be the lifeline for start-ups and smaller service providers in the EV terrain. The policy would mean that service providers will be able to change out depleted batteries for freshly charged ones.
The battery swapping policy actually gives the go ahead for the advent of battery as a service. This could also mean that electric mobility infrastructure could get a boost and also push up EV use in the public transport arena. Further, delivery and car aggregation businesses would look bringing into their fleet electric vehicles more than ever.
Battery policy to spur new businesses
The EV industry segment will also see new business ventures that would have battery swapping as their main area of operations. With the government’s intent to welcome the private enterprises in the development of sustainable and innovative business models for battery as a service, it is expected that the measures would help co-develop battery swapping and EV charging ecosystem.
What is encouraging is the fact that these measures show the government’s move to encourage new age businesses and new models. The battery swapping business vertical will go a long way in the furthering nation’s electric mobility plans.
Green mobility gets a push
In an era where Climate Change is the most debated topic around the globe, India’s move towards encouraging electric mobility needs to be applauded. However, the budget seems to have missed out on talking much about the FAME scheme, and how it could push towards a better charging network.
The switch from traditional fuel needs to be the most significant of all measures in this arena, and it would need a better push. However, proposals that encourage battery swapping with interoperability could be seen as positive step. Positive moves towards ushering in electric mobility and handholding the battery swapping services sector need to be applauded. A policy towards recycling of Li-on battery would also have been a good addition.
A green signal for battery swapping for electric cars rather than charging stations could be a good measure towards a cleaner environment, to say the least. It is now expected that green measures that would bring forth cleaner energy and eco-friendly transportation would get rolling.