IndiGlobal Media Network

Battery Swapping Policy of Govt. of India will boost Confidence in Electric Vehicles

Kaniza Garari
IndiGlobal Media Network 

Standardization of Electric Vehicle batteries and swapping with the advancing technology are the two key factors to boosting the growing EV demand in the country stated experts in a brainstorming session by Indian Council for Research on International Economic Relations.

Standardization is important as there are different combinations of batteries that are available in the market and they are not able to handle the extreme temperatures in different regions of India.

Due to this reason, the summer of 2022 has noted incidents of Electric Vehicles especially scooters catching fire.

To ensure that these incidents do not occur Ministry of Power and Government of India and NITI Aayog are looking at creating an eco-system for increasing the manufacturing of local batteries. This is keeping in mind, the extreme climatic conditions of different regions in India.

Randheer Singh, Director, Electric Mobility, NITI Aayog states that the Battery Management Rules will be available by end of May which will standardize the process.

Singh says, “There are four main stakeholders in the battery management process. We are focusing on Battery Swapping Policy which will make it easier for the buyers to have confidence in EV. With changing technology and advances from time to time, BSP will be the road ahead. A Unique Identification Number is also planned for this and that will make the process viable for the manufacturers and also the users.”

The other concerns raised are power shortages during summer in India. Due to the rising heat conditions, every year, the power sector faces shortages as there is an increase in consumption. With the use of electric vehicles, the demand for power will increase and it will require balancing it with industry, residential and also transportation.

Nitin Seth, Chief Executive Officer, New Mobility, Reliance Industries explains, “We are looking at Solar Power to meet the huge EV demand by 2030. The projections are 30 percent of the vehicles by 2030. To meet the huge demand alternate energy resources will be required to charge the EVs. There is also a need to manufacture the battery cells in India. While the demand for EVs is growing due to the rising petrol prices but the cost of the batteries is not coming down. Earlier the projection was that rising demand would bring down the cost of batteries. Instead, we are seeing that prices are going high.”

Mr Seth explains that there are various reasons for the battery cost and also battery manufacturing in India:

The EV phase of India requires a more coordinated and planned approach as the demand will rise. Given the conditions of the Ukraine War, rising oil prices and the need for alternate energy resources to control carbon emissions.

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