India close to finalising incentives under new battery swap scheme

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.