India close to finalising incentives under new battery swap scheme: Report
NEW DELHI (Reuters) – The Indian government is expected to finalise incentives under its new battery swap scheme for electric vehicles (EVs) within the next two months, an official told Reuters, amid a broader clean mobility push to meet its decarbonisation goals.
The policy will initially focus on battery swap services for electric scooters, motorcycles and three-wheeled auto rickshaws, the official said, in a boost for sectors like last-mile delivery and ride-sharing.
India said on Tuesday it will introduce a new policy to promote swapping, a service that allows EV drivers to replace depleted battery blocks for freshly charged ones at swap stations. This is faster than charging the vehicle and reduces range anxiety for drivers.
