The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur


  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

Government to introduce battery swapping policy to boost EV

by TLN Team February 2, 2022February 2, 2022
written by TLN Team February 2, 2022February 2, 2022
Government to introduce battery swapping policy to boost EV

The central government on Tuesday proposed to introduce a battery swapping policy to encourage buyers to opt for such vehicles. 

Finance Minister Nirmala Sitharaman, while presenting the Union Budget, stated that the private sector will be encouraged to develop sustainable and innovative business models for ‘Battery or Energy as a Service’.

The government said it will soon bring an EV battery swapping policy and interoperability standards will be formulated for EV automakers.

Electric vehicle battery swapping is a place at which an electric vehicle’s discharged battery or battery pack can be immediately swapped for a fully charged one, eliminating the delay involved in waiting for a vehicle’s battery to charge. 

The global electric vehicle battery swapping market was valued at $100.1 million in 2020, and is projected to reach $852.6 million by 2030, registering a CAGR of 24.4 per cent, according to Allied Market Research.

With battery swapping, an owner can simply pull out a depleted battery and replace it with a fully charged unit and, thus, not have to contend with a recharging wait time. Currently, removable battery technology already exists with a few manufacturers like Hero Electric, Revolt, Bounce and Simple Energy, other than a few other Chinese origin vehicle brands. Others like Bajaj, TVS, Ather and OLA do not have removable batteries.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Yashika Aanand pens emotional post about late friend
next post
Ngp-Mumbai bullet train to start soon, railway stations to get new look

You may also like

34 years later SC sentenced one year in...

May 19, 2022

LPG cylinder price hike, domestic cylinder by Rs...

May 19, 2022

Now you can book Matheran tickets via Indian...

May 17, 2022

Flight tickets to get expensive as jet fuel...

May 16, 2022

India writes history by winning Thomas Cup

May 15, 2022

NTPC Mouda Commences Girl Empowerment Mission(GEM) 2022

May 15, 2022

Sheikh Mohamed bin Zayed Al Nahyan elected as...

May 14, 2022

Rainfall in 15 States till 18th May: IMD...

May 14, 2022

UAE President Sheikh Khalifa passes away

May 13, 2022

NIA arrest Chhota Shakeel’s aides

May 13, 2022

Trending News

  • Umran Malik becomes youngest bowler to take 20 wickets in an IPL

    May 19, 2022
  • Mini MBA course in just one rupee, know how

    May 17, 2022
  • Know how to block spam calls on iPhone

    May 16, 2022
  • India reeling under 50°Celsius is a matter of concern

    May 16, 2022
  • Rohit Sharma, K L Rahul to be rested for T20 series

    May 15, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2022
M T W T F S S
« Jan   Mar »
 123456
78910111213
14151617181920
21222324252627
28  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.

KKM