Battery-swapping policy on anvil
The Hindu
Move to address issue of space constraints in urban areas for charging stations
The Centre is planning to come out with a battery swapping policy with interoperability standards for Electric Vehicles (EVs).
Finance Minister Nirmala Sitharaman said that considering space constraints in urban areas for charging stations at scale, a battery swapping policy will be brought out and inter-operability 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.
The budget aimed at strengthening the EV industry ecosystem, which will spur the demand for green vehicles, such as electric 2-wheelers and 3-wheelers, cars and buses, said Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV).
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