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Budget: Battery swapping policy, interoperability to boost EV ecosystem, says industry

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Budget: Battery swapping policy, interoperability to boost EV ecosystem, says industry

Finance Minister Nirmala Sitharaman said on Tuesday that the government will introduce a battery replacement policy to boost the electric vehicle (EV) ecosystem. However, when it comes to buying electric vehicles, the budget doesn’t mention the availability of ease financing, which is the industry’s biggest demand for that budget.

“The policy is being introduced given the space constraints for setting up charging stations in urban areas,” Sitharaman said in her Budget 2022-23 speech. FM also said that the government will develop interoperability standards.

For the past few weeks, EV players have been saying that the government could consider including EVs in priority lending to help citizens buy EVs at lower interest rates. In a recently released report, government think tank Niti Aayog has said that the electric vehicle financing market for banks and non-banking financial companies (NBFCs) could reach Rs 40,000 ($5 billion) by 2025 and Rs 370,000 by 2025 ($50 billion). 2030.

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Plug Mobility founder Rajiv K Vij said there were some good announcements in the budget to promote electric vehicles by promoting charging infrastructure and standardizing battery specifications for exchange and interoperability.

“However, the budget misses a major challenge to EV adoption – fleet owners who have suffered huge losses during the pandemic desperately need financing for their fleets and government credit guarantees. The commercial vehicle industry is ready to transition to EVs, but Without easy financing at low cost, this will be further delayed,” Viz said.

According to Rajeev Singh, partner and head of the automotive industry at Deloitte India, the budget also fails to address some of the pressing issues facing the industry – such as lack of direct incentives to drive consumption/demand, lack of EV charging infrastructure and rising commodity prices.

The budget barely mentions demand from the traditional (gasoline/diesel) automotive industry, especially in the two-wheeler segment, which is at an all-time low. The industry wants the government to cut the GST rate on two-wheelers to 18% from 28% to boost demand.

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Meanwhile, Sohinder Gill, director-general of the Society of Electric Vehicle Manufacturers (SMEV), said the introduction of a battery replacement policy would incentivize businesses in the business of delivery and ride aggregation to incorporate EVs into their fleets. Samrath Kochar, CEO and founder of battery maker Trentek, said an interoperable battery replacement policy would help ease range anxiety and make EVs comparable to ICE vehicles in the time it takes to refuel. “

Complete News Source – THE NEW INDIA EXPRESS

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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