Battery swap station for light-duty EVs in India. Image: Sun Mobility.
India’s upcoming Union Budget should include tax-based incentives for energy storage, the India Energy Storage Alliance (IESA) has said.
Finance Minister Nirmala Sitharaman will present the Union Budget 2023-2024 this week, on 1 February 2023. IESA said that earlier this month, it made a “detailed representation” to the minister, asking for key recommendations on various aspects of the fiscal budget relating to the industry to be considered.
The industry group has been consistently welcoming of measures included in recent years’ budgets, from directing funds into renewable energy and climate change mitigation in 2020 and moves to stimulate domestic clean energy manufacturing and hydrogen development in 2021.
Last year’s budget took a step further forwards and was the first time energy…