Battery Swapping Policy
Battery Swapping Policy Electric Vehicles have witnessed healthy growth as c onsumers are getting affordable eco-friendly transportation along with government incentives. The Indian EV market is still not fully grown. But it is expected to grow at a CAGR of 90% from 2021 to 2030. The market is fast expanding and is predicted to grow in value. 'Niti Aayog' plans to introduce a battery swapping policy, to overcome the lack of public charging infrastructure. Batteries account for approximately 40% of the total cost of an EV. Battery recycling can be seen as the only viable option. As recycling can reduce the environmental impact as well as the overall cost of batteries. 'GRAVITA INDIA' is one such company that is actively involved in sustainable battery recycling. EV drivers may opt for battery swapping to replace exhausted batery blocks with freshly charged ones at swap stations, under 'Battery Swapping Policy' . This is faster than charging the vehicles. Batt