The Indian EV battery swapping market was valued at USD 10.2 million in 2022, and this number is expected to reach USD 61.57 million by 2030, advancing at a CAGR of 25.20% during 2022–2030, according to P&S Intelligence. This can be credited to the decreased upfront prices for electrical vehicles and no wait time for charging.
Because of the increasing distribution of e-rickshaws, the growing sales of e-scooters and their adoption in numerous B2B facilities, such as the rising utilization of e-cars in ride-hailing services, the rising deployment of e-buses in public transportation and moto-taxi and scooter sharing, there are countless prospects for infrastructure developers in the Indian industry for EV battery swapping.
To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/india-electric-vehicle-battery-swapping-market/report-sample
The swapping batteries effect in less discharge than conventional charging approaches, which amplified the adoption of this technology among e-rickshaw battery operatives in the country.
Additionally, automobiles users for sharing need fast charging during their working hours, which demands several battery changes. Thus, drivers will possibly opt for subscription model since they will not have to pay every time for changing a battery.
Additionally, due to the state’s robust growth potential, key OEMs are focused on growing their market share by emerging dealer networks in the state.
Hence, increasing distribution of e-rickshaws, the growing sales of e-scooters and their adoption in numerous B2B facilities, the rising deployment of e-buses in public transportation and moto-taxi, are the major factors that will drive the Indian EV battery swapping market in the future.
About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter