This article was originally published in CNBCTV18 on March 20, 2022.
To promote the EV industry in India, Finance Minister Nirmala Sitharaman announced in the Budget 2022 speech that a battery-swapping policy will be introduced, and interoperability standards will be formulated to enable this policy. Battery swapping or battery- as- a-service (BAAS) model could emerge as a cost-effective solution for EV usage. While BAAS is an attractive cost-effective alternative to setting up public charging infrastructure, this model could face hurdles in India. In this article, we discuss how BAAS models in india are likely to shape up.
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– Varsha Rajesh, Aparna Gaur & Huzefa Tavawalla
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