Battery swapping to support EV adoption
NEW DELHI: Finance Minister Nirmala Sitharaman said on Tuesday that the government will come out with a battery swapping policy to boost the ecosystem for electric vehicles (EVs). However, the budget had no mention to ease finance availability when it comes to purchasing EVs, which also was the industry’s biggest demand from this budget.
“The policy is being brought out considering the constraints of space in urban areas for setting up charging stations,” Sitharaman said during her Budget 2022-23 speech. The FM also said that the government will formulate interoperability standards.
