How govt can use battery swapping tech to give fillip to EV industry

Finance Minister Nirmala Sitharaman, in the recent budget, announced the formulation of a Battery Swapping Policy and interoperability standards, which is claimed to be one of the remedies of multiple problems posed by the current model. ‘Battery as a Service’ business model, based on battery swapping technology, is the new talk of the EV Motown. Industry players are expecting the government to introduce subsidies, battery standards and GST rates rationalization on swappable battery EVs.

What is ‘Battery as a Service’?

‘Battery as a Service’ model works on the principle of treating the energy stored in the battery as a service on demand. Customers do not need to buy the battery, rather they just subscribe to it.