NITI Aayog releases Draft Battery Swapping Policy for comments of Stakeholder

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NITI Aayog has released Draft Battery Swapping Policy for the comments of Stakeholders.

• Under this policy all metropolitan cities with a population above 40 lakh will be prioritised for development of battery swapping network under the first phase.

• all major cities such as state capitals, UT headquarters and cities with population above 5 lakh will be covered under the second phase.

• According to the draft policy, vehicles with swappable batteries will be sold without a battery, providing the benefit of lower purchase costs to potential EV owners.

• any individual or entity is free to set up a battery swapping station at any location, provided that the specified technical, safety and performance standards are adhered to.

• The draft is up for consultation, and Niti Aayog has invited comments on it until June 5.

• During the COP26 summit in Glasgow, India had committed to reduce carbon emission intensity by 45 per cent and take the non-fossil energy capacity to 500 Giga Watt by 2030.

• The road transport sector is one of the major contributors to CO2 emissions and contributes one third to particulate matter emissions.

• In her Budget Speech 2022-23, Finance Minister Nirmala Sitharaman had announced that the Government will introduce Battery Swapping policy.