Battery swapping is an alternative that involves exchanging discharged batteries for charged ones. Battery swapping de-links the vehicle and fuel (in this case, the battery) and thereby leads to a reduction in the upfront cost of the vehicles.
Battery swapping offers three key advantages relative to chargingâtime-saving, space-efficient, and cost-effectiveâprovided each swappable battery is actively used. Further, Battery swapping provides a level playing field to innovative and sustainable business models, such as âBattery as a Serviceâ.