According to the draft policy, vehicles with swappable batteries will be sold without a battery, providing the benefit of lower purchase costs to potential EV owners.
According to the draft policy, vehicles with swappable batteries will be sold without a battery, providing the benefit of lower purchase costs to potential EV owners.
It said any individual or entity is free to set up a battery swapping station at any location, provided that the specified technical, safety and performance standards are adhered to.
Considering the constraint of space in urban areas for setting up charging stations at scale,FinanceMinister in herBudgetspeech 2022-23 had announced that the Centre would be introducing a battery swapping policy and interoperability standards in order to improve efficiency in the EV ecosystem.
According to an official statement, in this regard, Niti Aayog held an inter-ministerial discussion to formulate a robust and comprehensive battery swapping policy framework in February 2022.
It also held an extensive pre-draft stakeholder discussion with a wide spectrum of stakeholders representing battery swapping operators, battery manufacturers, vehicle OEMs, financial institutions, think tanks and other experts.
The draft is up for consultation, and Niti Aayog has invited comments on it until June 5.