GST cut on battery swapping key to EV growth, says IndoFast CEO
- Posted on November 21, 2024
- By Financial Express
- 3 Views
GST cut on battery swapping key to EV growth, says IndoFast CEO
IndoFast Energy CEO Anant Badjatia believes that the high 18% GST on batteries used for swapping is hindering India’s transition to electric vehicles. He called for urgent reforms to taxation and policy, stating that battery swapping has the potential to address range anxiety, cost, and safety concerns.
