To encourage the use of electric vehicles (EVs) in India, the government will issue an EV Battery Swapping Policy in the next 15 to 30 days. The development comes at a time when EV sales in India are on the rise, and the industry is working to introduce technologies that will make EVs more affordable to consumers.
The nodal ministry will soon give final touches after the public consultation process is completed and final comments from stakeholders are received, according to ET Now. In April, the government think tank NITI Aayog published a draft battery swapping policy for the EV industry. The policy would help to realise the vision of catalysing large-scale EV usage. To promote this, NITI Ayog stated in the draft that battery swapping technology should be implemented through Battery as a Service (BaaS) business models to ensure lower upfront costs, minimal downtime, and lower space requirements.