Union Budget 2022: Government To Introduce Battery Swapping Policy & Special Mobility Zones for EVs

During the Union Budget 2022, Finance Minister Nirmala Sitharaman announced that the government will introduce a battery swapping policy to promote the sales of electric vehicles in the country. The Battery Swapping Policy aims to help areas that have space constraints. India to Require 400,000 Charging Stations For 2 Million Electric Vehicles By 2026: Report. Stock […]

February 1, 2022

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During the Union Budget 2022, Finance Minister Nirmala Sitharaman announced that the government will introduce a battery swapping policy to promote the sales of electric vehicles in the country. The Battery Swapping Policy aims to help areas that have space constraints. India to Require 400,000 Charging Stations For 2 Million Electric Vehicles By 2026: Report.

Stock Markets Live Updates on Day of Budget 2022: Check Sensex, Nifty Levels as FM Nirmala Sitharaman Presents Union Budget 2022-23

In addition to this, special mobility zones for EVs will also be introduced to encourage the adaption of electric vehicles. Sitharaman mentioned that these mobility zones will be free of fossil fuel-driven vehicles. For those who are unfamiliar, a battery-swapping station allows an EV user to replace a used-up battery with a new one in a few minutes.

Sitharaman also announced that the government will concentrate on promoting public transportation in India and this plan will be backed by clean technologies and governance solutions.

Union Budget 2022: At 1 Hour, 30 Minutes, FM Nirmala Sitharaman Delivers Her Shortest Budget Speech

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