Plan for battery swapping policy goes on backburner

The focus is on making compact, efficient batteries to overcome challenges like standardization and infra costs

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designing compact and efficient batteries like blade batteries to overcome the challenges associated with standardization and infrastructure costs. These advancements aim to enhance the usability and scalability of EVs across various vehicle segments.

"The government would look at the industry to chart its own growth path, rather than intervening with a policy. The guidelines recently released by the power ministry and the draft guidelines on safety for swapping stations being prepared by the Bureau of Indian Standards would provide the required regulatory framework for the sectors. A policy with standards is unlikely to come in the near term, in a bid to boost innovation," the second person said on the condition of anonymity.

India's EV market has witnessed significant growth. According to a market research firm Grand View Research, in 2024, the market was valued at about $8.49 billion and is projected to expand at a compound annual growth rate (CAGR) of 40.7% from 2025 to 2030.