Indian Budget 2024: Electric Vehicles and Charging Infrastructure

Indian Budget 2024: Electric Vehicles and Charging Infrastructure

Indian Budget 2024: Electric Vehicles and Charging Infrastructure

The Indian EV sector is optimistic and makes investing in charging infrastructure an important priority. This week’s Indian budget shows strong support for electric mobility by providing incentives for EV infrastructure, and the EV ecosystem. India’s economic recovery is dependent on electric mobility. This is due to the slowdown in pandemic control. It is crucial to switch to electric vehicles to reduce air pollution and fight climate change. To get deeper, NRDC and its partners hosted a webinar about India’s charging infrastructure. They also released two new EV resource guides.

The Indian budget 2024 is a major push to mainstream electric mobility. The Indian budget for 2024 includes provisions for charging infrastructure improvement, battery swapping policy, and special mobility zones for electric vehicles. It also ratifies building bye-laws. Cleantech in public transport is included. These programs are a sign of the Indian government’s commitment to growing the EV market.

India could have up to 102 million electric vehicles on the roads by 2030. India’s EV sales targets are 80 percent sales of two- and three-wheelers, 70 percent sales of commercial cars, and 30% new vehicle sales by 2030. To support India’s EV market, a widespread and accessible public charging infrastructure is required. The central question that decision-makers must answer is where and how these charging stations should be located.

NRDC and ASCI, a partner in the development of EV charging infrastructure have created a ” How to manual for Siting EV Charge Stations” manual. The manual includes a foreword from Amitabh Kant (Chair of NITI Aayog), which details a step-by-step approach to ensuring the timely and efficient implementation of EV charging infrastructure. This siting method was designed to address local needs and integrate the electricity supply, transport networks, and land availability. This manual contains tools that charge point operators can use to prioritize sites and evaluate key considerations in the siting process.

Seven steps are required to install EV Charge Stations in Indian cities, according to the “How to Manual”.

  1. Select a location and verify feasibility.
  2. Determine the charging infrastructure requirements and use cases (type rating and number of chargers)
  3. Do a site inspection to determine feasibility. Take detailed photographs of the site from all angles. Observe underground infrastructure (drainage pipes and type of surface area). ), power infrastructure, closest distributional transformer, entry/exit ways, and any proximate consumer amenities. ), and create a draft site plan.
  4. Assess the financial viability and feasibility of the physical space.
  5. Assess the feasibility of the power distribution side (including the lowest-cost option to energizing site) and the financial viability.
  6. Assess the site’s accessibility, and potential scope for future expansion.
  7. Examine safety and threats, then create a site plan.

NRDC and ASCI applied the framework to place EV charging stations in Hyderabad as a demonstration of the effectiveness of the stepwise approach. The full analysis can be found in ” Ready To Charge: Sitting Electric Vehicle Charging Stations at Hyderabad”. This case study describes the feasibility of 35 EV charging stations planned for Hyderabad, Telangana’s capital.

35 EV charging stations planned for Hyderabad

These case studies provide a detailed analysis of the cost of energizing these areas, access, equity, equity, and gap-filling. Telangana State Renewable Energy Development Corporation, (TSREDCO) initially identified potential sites due to land availability. However, power infrastructure costs are the largest component of setting up an EVSE network.

This presents a greater need for more involvement by power utilities across India. Equity and serving low-income communities was another important consideration. This case study shows that it is important to consider the siting of public projects in order to ensure funds are being used efficiently and efforts are not duplicated. Regulators also need to account for siting considerations in planning for charging infrastructure.

Transportation electrification will bring about structural changes in the spatial and temporal trends of electricity consumption. Smart charging technology is required to achieve systemic efficiency. DISCOMs and power utilities use smart charging technologies to adapt to grid conditions and lower the cost of vehicle integration.

There is an opportunity to invest in electric mobility and charging infrastructure, given the COVID-19 downturn in India’s economy. As part of India’s economic recovery, it is important to invest in electric mobility at both the state and national levels. This will help India achieve its goals of creating jobs, reducing air pollution, and combating climate change.

Budget 2024 India supports growth in the EV market for the year ahead. Keep watching, as the conversation continues on EV charging infrastructure in India and the enabling framework for smart charging Electric Vehicles in India in the coming weeks.

india Budget 2024:EV battery swapping policy

Nirmala Sitharaman, Finance Minister, stated that the battery swapping policy would be published and that interoperability standards would be established during her Union Budget 2024 speech.

  • The Government has promised to create a policy for battery swapping.
  • There are many two-wheeler manufacturers that offer battery swapping technology.
  • To add 25,000km to the National Highway network.

A battery swapping allows owners to simply take out a dead battery and swap it for a new one. This eliminates the need to wait for a charge and saves time. There is currently removable battery technology available with some manufacturers, including Hero Electric, Revolt, and Bounce, as well as a few Chinese-made vehicle brands. Bajaj and TVS as well as OLA, do not have removable batteries.

To implement a viable battery swapping model, it is crucial that all manufacturers agree to a common standard. The finance minister stated that a policy on battery swapping will be developed and that interoperability standards would be established. As many companies such as Bounce have already entered the arena, this would need to be done quickly. It is important to unify networks rather than having multiple fragmented ones.

It remains to be seen how quickly and efficiently this will be developed, engineered, and implemented. Initial reactions have been positive. Venu Srinivasan, chairman of TVS Motor Company, stated that “we strongly support the measures for clean and green mobility. Especially the introduction of the battery-swapping program, which will be instrumental to supporting an efficient EV ecosystem.”

Hero Electric’s MD Naveen Munjal stated, “Hero Electric has always been a strong supporter of standardization in EV battery packs to accelerate EV adaptation.” Interoperability standards can help reduce range anxiety and battery swapping stations are an asset to the developing EV ecosystem in the country.

Ather Energy provided its proprietary fast-charging connector last year to other electric two-wheeler makers. This would enable OEMs to create products according to a standard and allow all-electric scooters to access a common fast-charging network.

The battery swapping initiative, although not yet mentioned, is likely to target two-wheeler and three-wheeler manufacturers due to their larger battery sizes that are easier for quick swapping.

Disincentive to fossil fuels

In addition to announcing a Rs 2 per liter tax on unblended fuel effective October 2024, the finance minister proposed special mobility zones for zero-emission vehicles. This move is in line with the government’s previous efforts to promote the use of blended fuels.

Road development

The finance minister talked about plans for the government to add 25,000km to the national road network in FY2024, as part of the PM’s Gatishakti Nation Master plan. She stated that the government would mobilize Rs 20,000 crore through innovative financing options to supplement public resources. 

Gatishakti’s master plan included announcements about the integration of the railway and postal networks, new services under Vande Bharat as well as announcements regarding metro, ropeways, and improvements in logistics infrastructure. Budgets also mentioned infrastructure development in the North East and the establishment of multi-modal logistic parks at four locations throughout the country. Contracts for these projects will be issued in FY2024.

No tax breaks

However, there were no major announcements regarding the auto sector. This includes tax reliefs for automobiles and a reduction in taxes on petrol and diesel fuels. This is something that has long been desired.

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