Battery swapping is a method in which a depleted battery is replaced with a fully charged one. Battery swapping is a potential solution to range anxiety, reduced vehicle cost and efficient charging arrangement. This also addresses the recurring CapEx challenge of buying new battery packs and the economic viability of operating Electric Vehicles. Battery swapping provides a quick recharge alternative to EV drivers in the last mile delivery (LMD) space. With swapping, the battery packs can become smaller and the average subsidy per vehicle will become lower implying more vehicle support within the FAME-II budget. The battery swapping model uses battery leasing service which separates the ownership of the
Cygni Energy CEO Mr. Venkat Rajaraman views on Battery swapping. Thank you Economic Times for carrying this opinion piece on “To swap or not to swap: What’s best for electric vehicles”.
Please find below the link to the full coverage: