How Battery-Swapping Revival Could Threaten Electric Car Charging Networks??
Battery Swapping Vs Charging
Battery Swapping is basically an exchange of the discharged batteries with the charged ones. This is considered the alternative for charging electric vehicles.
Battery Swapping
The NIO swaps battery in 4 minutes, while Aulton claims that in 20 seconds. Battery Swapping can save a lot of time than electric vehicle charging.
The Advantage
In Battery Swapping, Customers don’t need to pay for the battery at the time of purchase of an electric vehicle.
Saves Money
The average cost of the battery is $12800, so electric vehicle owners can reduce the cost of the electric vehicle by $10000. While leasing a battery can cost $150 per month.
Comparison
At the power swap stations, the batteries are charged at ideal conditions and till their ideal capacity. The incomplete and overcharging gets completely eliminated.
Safety
NIO and Geely, Aulton, and Sinopec, a state-owned oil company have planned to establish 24,000 swapping stations across the country by 2025, as compared with current 1400 stations.
Expansion
The expansion of Power swap stations can be a threat to the Charging Networks, as they can replace the charging networks.
The Threat
Experts conclude that there is room for both Battery Swapping and charging networks in the market.