EV battery swapping is the exchange of a drained battery with a charged one at a swapping station. EV battery swapping is increasingly becoming popular because of the increasing adoption of electric vehicles across the globe.
To fully charge the two-wheeler and three-wheeler EV batteries, it regularly takes between 4–5 hours. Even though there are faster options for charging, it still has a downtime of an hour. Exchanging an EV battery is a smooth process and requires only a few minutes.
The arrival of EV battery swapping can benefit in resolving the problem of constructing large infrastructure of charging in urban areas with limited space availability, EV battering swapping can be done in smaller places. A swapping station for EV batteries can be built as a separate entity or even outside of a local store. EV battery swapping can also lessen the upfront expense of buying an e-vehicle.
An electric vehicle comprises various components, and the high-voltage battery is the heart of it. The battery of an EV is 40–50% of its overall manufacturing price. With battery swapping, customers have the option of owning an e-vehicle without a battery, instead, they can choose a swap subscription and put an exchangeable battery into the vehicle.
What is the Difference Between Pay-Per-Use Model and the Subscription Model?
Pay-per-use model is when consumers pay for specific utilization of battery exchange services. This model does not adopt a fixed annual or monthly fee; instead, consumers make a single purchase at a fixed price as per their usage.
Moreover, the pay-per-use model is highly preferred because of consumer choice to pay as per their utilization, because of the absence of a fixed driving pattern.
Whereas, in the subscription model consumers pay a subscription fee from time to time, mainly every month. This model enables consumers to access all services the provider is offering during their subscription period.
The advent of EV battery swapping has benefited consumers in various ways, let’s explore some of them!
Benefits of EV Battery Swapping
Enhance Driving Range
EV battery swapping increases the on-road time of the e-vehicle. Moreover, battery swapping works well for high-power vehicles because of the larger batteries they utilize, which is mainly found in EVs that require a lot of daily mileage.
Cost-Effective
It doesn’t make any sense for the consumers to expend a lot of money on a new battery every time the old one goes bad. Therefore, EV battery swapping is a better convenient solution and highly beneficial in saving expenses.
Eliminate Charging Times
With the arrival of EV battery swapping the requirement for charging, which requires a lot of time, is eliminated as the discharged battery can be replaced by a fully charged one in no time.
With the increasing adoption of electric vehicles and the growing concern for global warming all across the globe, as well as the various benefits offered by battery swapping, the EV battery swapping sector will continue to grow significantly in the years to come.