Cost-Effectiveness, Zero Turnaround Time: Will Battery Swapping Make EVs More Affordable?
Electric Vehicle (EV) manufacturers are apparently in talks with the government to develop a specific strategy to separate the battery from the EV and create a nationwide battery-swapping infrastructure. Industry insiders believe that a country-wide move for such infrastructure can boost EV adoption. The battery accounts for 30%-40% of the total cost of an EV. The battery is not included in the cost of the vehicle in the swappable model, which addresses the issue of affordability by reducing the cost of the EV. According…