Pune, Feb 1: EV maker Kinetic Green on Tuesday welcomed the Budget as futuristic which focuses on “deployment of advanced technology like EV, green mobility and digitization”.
Reacting over the financial document, Kinetic Green Founder & CEO Sulajja Firodia Motwani said, “The Budget 2022 is positive for the Electric Vehicle sector, which re-enforced the central government’s commitment to accelerating EV and green mobility eco-system in India.”
She continued, “Finance Minister Nirmala Sitharaman has announced that to foster creation of electric vehicle ecosystem, battery swapping policy will be devised. In order to scale up battery stations, battery swapping policy will be brought out with inter-operability standards.”
“There is an announcement on shift to use of public transport in urban areas by clean tech, and with special e-mobility zones. Green Energy & Clean Mobility systems have immense potential to assist sustainable development & modernise the country. This will further enhance connectivity and digitization of the auto sector and is expected to help automotive in a greater way,” she underscored.
She further said, “The Minister also emphasized that private sector will be encouraged to develop sustainable and innovative models for battery and energy as a service which will increase efficiency in EV ecosystem. I am confident that this move will encourage manufacturers to enhance investments in this sector.”
“Further announcements such as ramp up of capital expenditure and spending on infrastructure will boost economic growth. It is a futuristic budget with focus on greening of economy and digital technology. We welcome this budget and appreciate government’s steps to promote electric vehicles and tackle pollution in our cities,” she remarked.
