Finance Minister Nirmala Sitharaman in her Budget speech promised to introduce a policy around battery swapping technology, in a move aimed at speeding up the adoption of electric vehicles in India.
“Considering the constraint of space in urban areas for setting up charging stations at scale, a battery swapping policy will be brought out and interoperability standards will be formulated. 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,” she said.
