The Union Budget for 2022-23 aims at strengthening the whole ecosystem of the EV industry, which will spur the demand for green vehicles, the EV industry said on Tuesday.
It also said that the introduction of battery swapping policy and interoperability standards announced in the Budget will go a long way in building the use cases and will be a big booster for the startups in the EV space.
Finance Minister Nirmala Sitharaman in her Budget speech in the Lok Sabha on Tuesday announced that the government will bring a battery swapping policy to boost the use of EVS in the country in view of space constraints for setting up charging stations and interoperability standards will be formulated.
