Friday, 24 March, 2023

Budget 2022: India to implement battery swapping to boost EV adoption

<p>FM Nirmala Sitharaman, during her Budget 2022 speech, stated her plans to create a battery swapping policy for electric vehicles. She explained that the main reason behind this decision was space required to set up EV charging stations is less in urban areas. She also added that India will concentrate on developing interoperability standards to encourage the use of electric vehicles while also increasing the efficiency of the sector.</p>