I am sure that all of you know what a budget is and how is it released every year in the parliament by the finance minister. I observed this year’s budget was critical to the EV industry as it implemented battery-swapping technology and higher standards for the development of India’s EV ecosystem were set. But I believe most of you don’t know about battery-swapping systems.
In simple word battery swapping system means an alternative that involves exchanging discharged batteries for charged ones. Battery swapping de-links the vehicle and fuel (in this case, the battery) and thereby leads to a reduction in the upfront cost of the vehicles. It helps EV users eliminate the wait time till the battery gets charged near the electric vehicle battery charging station which might take hours in some cases.
Multiple batteries will be constantly being charged as part of a swapping station that is set at a specific area. A user of an electric vehicle can find a swapping station, switch out their declining battery for a charged one, recharge their empty battery, and then resume their workday. It consumes minimum time and requires minimum infrastructure to charge at a battery station which could take hours.
By standardizing the battery size, cavity, design, control unit and output performance per unit will make battery switching easy. In recent times government released the mandate standards for all-electric vehicle battery pack manufacturers. This might take time due to the number of players in the market and different designs of vehicles and batteries but we will witness this.
The Indian government has created a National program for ACC (NPACC) to localize ACC battery manufacture in the nation and decrease imports in order to further spur the growth of EVs. With an expenditure of Rs. 45,000 crores, it seeks to reach 50 GwH (Gigawatt Hour) of manufacturing capacity.
Looking at the booming future for EVs in India the government also decided to make effective policies that change the future of the automobile industry completely electrical.