NITI Aayog has released a draft battery swapping policy, under which all metropolitan cities with a population above 40 lakh will be prioritized for the development of a battery swapping network under the first phase. All major cities such as state capitals, UT headquarters, and cities with populations above 5 lakh will be covered under the second phase.
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Importance has been given to the two-wheeler and three-wheeler vehicle segments in growing cities. 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.
What is Battery Swapping?
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