The proposed battery swapping policy and interoperability standards for electric vehicles (EVs) announced by the finance minister in her Budget speech aims to address one of the biggest deterrents for EVs – the charging infrastructure. It is expected to reduce upfront costs and downtime and lead to a faster adoption of EVs. This is the first time that swapping as a technology solution for EVs has received recognition from policy makers.
The draft policy currently under formulation, however, will need to take into consideration a host of issues, ranging from accountability regarding safety of EVs, customer experience and the business