India’s Finance Minister proposes formulation of EV battery-swapping policy

Policy & Regulation

Government representatives should work jointly with the auto industry stakeholders in drafting a dedicated policy on the EV battery-swapping model

Presenting the Union Budget for 2022-23 on 1 February 2022, India’s Finance Minister Nirmala Sitharaman said that the government is looking to develop a battery swapping policy and will formulate interoperability standards for these batteries to encourage the adoption of electric vehicles in the country.

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