The paucity of space for setting up charging stations in the country is becoming a challenge. In view of this, the government has announced a battery swapping policy. Finance Minister Nirmala Sitharaman announced this while presenting the Union Budget on Tuesday. This exercise will be done to promote the use of electric vehicles. In her budget speech in the Lok Sabha, Nirmala Sitharaman said that in view of the space constraints in setting up charging stations for electric vehicles in urban areas, a battery swapping policy will be introduced and interoperability standards will be formulated.
He said that the private sector would be encouraged to establish a sustainable business model for battery or energy service. This will improve the EV (Electric Vehicle) ecosystem. He said that the use of public transport would be encouraged in urban areas. All this will be possible through clean technology, zero fossil fuel policy and electric vehicles.
The Finance Minister said that under the policy, the facility of rapid rollout will be given to the Battery Swapping Centers. In these centres, EV owners will be able to charge the vehicle by replacing their battery with the charged battery. That is, in the event of the battery running out of the electric vehicle, a charged battery can be taken from the battery swapping center. In return, the vehicle owner will have to give his expired battery.
The biggest advantage of this will be that the time taken to charge the battery will be saved. At present, only a few such options are available. In most cases, EV owners have to wait for hours at charging stations.
5G spectrum auction soon, launching next year
Presenting the budget, the Finance Minister said that spectrum will be auctioned in 2022-23 to enable private telecom operators to start 5G service in the country. However, the launch of 5G service may have to wait till next year. It is worth noting that telecom companies have been trialling 5G network in the country since last year. These include from Jio, Airtel, Voda-Idea to BSNL. The Finance Minister said that with the introduction of 5G service, job opportunities will be available. The Finance Minister announced that by the year 2025, optical fiber will reach all the villages of the country. The contracts will be awarded in PPP mode for speedy completion of the work.