How India Can Take a Leaf Out of China’s Playbook on Battery Swapping to Form a Robust EV Ecosystem

The first draft of the NITI Aayog’s ‘Battery Swapping Policy’ displays the Indian government’s commitment to building a conducive environment for the mass adoption of electric vehicles (EVs) in India. The policy discerns some of the prevalent issues affecting consumers currently dabbling in the EV market and aims to tackle these through technologically-intensive solutions. However, there is a significant lack of clarity about the potential business models that may arise if the battery swapping policy were to be implemented. As a result, India must look outwards to understand how potential stakeholders can be engaged to form a robust EV ecosystem in India.