FM Sitharaman move on e-vehicle sector, especially battery swapping policy, draws praise

Experts and industry captains have welcomed the Union government’s budget focus on e-vehicles, especially, the introduction of the new battery swapping policy.

“The introduction of the new battery swapping policy and the decision to formulate interoperability standards by the Government will facilitate the faster rollout of battery swapping centres as well as the widespread implementation of batteries as a service. This will save time for electric vehicle owners, reduce initial costs and associate that cost to vehicle usage,” said Rajib Gangopadhyay, Founder & MD, EMotorad.