Despite Tesla CEO Elon Musk still not entertaining a bevy of Indian ministers to manufacture its electric cars in the country, the government on Tuesday said it will soon bring an EV battery swapping policy and interoperability standards will be formulated for EV automakers — a move that has been hailed by the industry players.
Finance Minister Nirmala Sitharaman said the private sector will be encouraged to develop sustainable and innovative business models for ‘Battery or Energy as a Service’.
“This will improve efficiency in the EV ecosystem. The government will also promote a shift to use of public transport in urban areas complemented by clean tech and governance solutions, special mobility zones with zero fossil-fuel policy, and EV vehicles,” she elaborated during her Union Budget 2022-23 speech.
