It is possible to swap the batteries of the electric vehicles without touching steering wheel, with autonomous reverse of electric car into the charging station. This technology is widely used in China.
NIO believes that swapping out the entire battery lure customers who stay worried about electric cars range, or those who don’t like queuing for recharging their vehicles.
NIO’s battery swapping station located at Norway can swap 240 batteries a day, and the company plans to establish 20 more stations in the country. The firm partnered with the energy giant Shell to establish 1000 stations by 2025 across the Europe.
Customers are required to take the monthly subscription of battery swapping, which may have varying cost depending on battery size. The subscription offers another major advantage that, each time you will swap your EV battery, you will get the newest battery technology.
This technology enables automatic replacement of battery underneath the vehicle with full-charged in less than five minutes. It is more efficient and effective than charging the EV batteries.
The EV battery swapping mitigates the degradation of batteries, and always provides a healthy battery as replacement. Thus, it increases the average traction of the EV cars.
Moreover, battery swapping attracts those customers who found it difficult to charge their vehicle or cars at night. There are numerous apartments in the China, where power stations are majorly utilized for recharging the electric cars.
India is prepared for developing the battery swapping and charging infrastructure to boost the traction of electric vehicles on the roads.
Around 700 sites have been identified, including the Golden Quadrilateral Highway, Greenfield Expressways, East-West and North-South Corridors for developing wayside centres equipped with numerous types of EV charging points.
India is aiming to reach the goal of acquiring a net zero carbon emission by 2070. Rising penetration of the EV will provide a great potential to conquer it. Moreover, it is expected that green highways will result in increasing adoption of electric vehicles in India.
Moreover, the rising environmental concerns led by global warming, increasing emissions of CO2 by transportation, results into worldwide growing adoption of the electric vehicles. The EV battery charging may turn out to be tiresome process during heavy traffic requiring to be in queue for longer duration.
This comprehensive report provides insights into the electric vehicle battery swapping market size, growth, segmentation