Electric vehicles hold a noteworthy status and rage amongst many OEMs worldwide. While 2W/3W contributes to the highest proportion in commercial use in the overall market and electrifying this dominated group of vehicles could contribute towards notable sustainability. But its range anxiety or charging infrastructure are the major challenges. Nevertheless, Battery swapping being a time-saver with a come-replace-go advantage can be a full-time solution for the EV ecosystem.
“The global battery swapping market to reach USD 409.99m by 2027”, said in Auto Economics Times. Apart from major tier-1 companies, several startups are also keen to get their hands in this technology. As per the market research, Taiwan battery swapping models are mesmerizing solutions for the world today. This article will walk you through the south east asian ideology of battery swapping and the existing initiatives in the Indian battery swapping market, later.
Battery Swapping technology and business models in TAIWAN island
Kymco, a Taiwan-based leading 2W player manufacturer has rolled out its amazing battery swapping technology in one of its electric 2-wheeler Ionex. This e-scooter not only has a light weighted replaceable battery but also a fixed core battery for those extra miles. The swapped battery only weighs 5kgs in total and is available at several locations across the nation. So, the fear of running out of fuel is solved with this. Well-connected swapping centers can be easily tracked on any android or iOS fledged device.
Another e- scooter brand in the island nation, Gogoro has won many awards and recognitions for its super innovative battery swapping technology model in the world. Gogoro calls its swapping centers as GoStations and tactically places near malls or any public convenience locations. With intelligent connectivity, AI, and better prices, its business is so practical and viable that has grown abruptly in the half-decade and presently performs around 265K swaps a day.
India and battery swapping creed
Especially, the Indian subcontinent is dominated by 2W on the road which shares 80% in the market. The key benefits of battery swapping technology are as described, it is max. 3 minutes business of a vehicle over a long 4-8 hours charging, a quick fuel food to the electric vehicles. And commercially, battery swapping increases the revenue of DISCOMs and provides better utilization of land for business. Numerous leading companies in India are moving their centric towards battery swapping solutions in the market. Exicom, AmarRaja, Sun Mobility, and some collaborated partners are well establishing their swapping station in the country.
“A recent report suggests that India’s EV battery swapping market is projected to reach $6.1 million by 2030, registering 31.3 percent growth during 2020-2030”, entrepreneur website. Recently, Zypp has introduced its plan of setting up 5000 swapping stations in the nation by 2023. Currently, it is operating in the locations of Jaipur and Delhi-NCR. Another initiation is by IOCL and SUN Mobility at the IOCL petrol pumps offering the charged battery swapped for the used one. With an increased focus on micromobility, SUN Mobility has also partnered with renowned OEMs in the country. There are several such introductory plans and various government incentives are leading the adoption of EVs on the go.
Long Story Short
There are many other examples of this technology with a buzz in the market and one such is China’s NIO. It is a fully automated pay-you-go service with a significant battery rating. Battery swapping can be one of the solid factors in the abrupt adoption of EVs everywhere. With many swapping infrastructures coming to life, the fear-of-fueling-out can be iron-out. Under FAME 2 attention, the Indian government has made battery swapping eligible for a subsidy to reduce the cost for batteries and charging infrastructures. The choice of the public locality, no to naïve serviceability options, and a battery standardization (for 2w/3w swappable battery) still demands a dear look by the authorities in India. It is now to see how fast and concreate this technology will bring out the change in Indian mobility.