A battery-swapping policy to help increase use of electric vehicles (EV) in the country was highlighted in India’s recently unveiled ₹37.7 trillion (US$490 billion) budget for 2022-2023.
Announced by India’s finance minister, Nirmala Sitharaman, the policy aims to promote boosting “EV use in the country in view of constraints of building charging stations, particularly in dense urban areas."
The policy included within a budget priority to provide research and development funding for sunrise opportunities in new business areas such as green energy and clean mobility systems, artificial intelligence semi-conductors, genomics, and pharmaceuticals.
Battery swapping is a method to replenish an EV’s battery charge by exchanging a discharged battery with an already charged battery. The swap generally takes less than 10 minutes, including guiding the vehicle into a change-over bay, compared to the 30-60 minutes often spent repowering the unit at a battery-charging station.
While the process has its doubters, battery-swapping is considered a more feasible option than creating an extensive charging station infrastructure.