What is battery swapping policy, and what will be its benefit

 For battery swapping, it is necessary that the battery used in the electric vehicle is made according to a standard. Only then will the electric vehicle owner be able to swap his battery with another battery.

The growth of the EV industry has been very rapid in the last year

Finance Minister Nirmala Sitharaman has announced the Battery Swapping Policy in the Budget 2022. He said that a special scheme will come for battery swapping. This is very important in terms of increasing the use of electric vehicles in the country. What is battery swapping, what are its benefits, how much will it boost the electric vehicles industry? Let us know the answers to these questions.

what is battery swapping

Battery swapping means swapping batteries… In the budget, the Finance Minister has talked about implementing a battery swapping policy for the EV sector. Through battery swapping, a completely depleted battery is replaced with a fully charged battery. This policy not only saves you from the hassle of buying a new battery but also the cost involved in buying a new battery pack. And this does not put much burden on the pockets of electric vehicle users.

At present, a select few companies making electric vehicles offer the option of battery swapping. These include Hero Electric, Okinawa Motors, Simple Energy and Bounce Electric. On the other hand, non-removable batteries are used in EVs of companies like Ather Energy, Ola Electric, Torque Motors. This means that the battery of their EV cannot be swapped. The vehicle can be driven only after charging them twice. It can work in two wheelers, but it is not practical to use it in big vehicles including cars.

What will be the benefit of battery swapping policy?

If the government announces the battery swapping policy soon, then it will benefit the EV industry. The growth of the EV industry has been very rapid in the last year. By making the battery a service business, the cost of two and three wheelers running on battery will also come down and its usage will increase. The battery accounts for 40-50 percent of the price of electric two-wheelers. With the advent of the battery swapping business, the electric scooter buyer will be able to buy a scooter without a battery and go to the battery swapping center and drive a scooter or any other electric vehicle on rent by paying a nominal price. . But there are many such cities of the country where due to lack of space, charging stations have not been built in those places. In this case, battery swapping will prove to be very effective.

Will this decision increase the demand for electric vehicles?

With this decision, the prices of electric vehicles will come down. In such a situation, it is obvious that the demand for vehicles will also increase. Because people will see it as a good option to get rid of the rising prices of petrol and diesel. Therefore, while announcing the policy in the budget speech, it was also said that this would reduce the dependence on petrol and diesel.

How important is the budget 2022-23 for the auto sector

Finance Minister Nirmala Sitharaman announced the Battery Swapping Policy in her budget speech . In fact, for a long time, the government has been taking many steps to promote electric vehicles. At the same time, the main motive behind the announcement of battery swapping policy in this budget is to promote electric vehicles.

 Let us tell you, if there is a battery swapping center every four-five kilometers, people will increasingly adopt electric vehicles. All electric vehicle manufacturers will set up their swapping centers or only the companies doing battery swapping work are making battery swapping centers for the manufacturers. A lot of space will not be required to run the battery swapping center. Therefore, a battery swapping machine can be placed in a space of six meters at any place like grocery stores, restaurants, petrol pumps. This machine is like an ATM machine, in which six to eight charged batteries are kept simultaneously. During battery swapping, the charged battery is removed and discharged battery is installed in it. At present, Bangalore is doing battery swapping work.

News is originally taken from: https://www.gnttv.com/business/story/what-battery-swapping-policy-and-how-beneficial-you-342185-2022-02-08

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