Market Research Report
Emerging Opportunities for Battery Swapping in a Fast-Changing EV Market
|Emerging Opportunities for Battery Swapping in a Fast-Changing EV Market|
Published: February 20, 2020
Guidehouse Insights (formerly Navigant Research)
Content info: 15 Pages; 5 Tables, Charts & Figures
Delivery time: 1-2 business days
Initial battery-swapping efforts during the early 2010s sought to allow battery EV (BEV) owners to quickly replace batteries, offering drivers practically unlimited driving range. However, the high cost of batteries and low number of vehicles that could access swap stations contributed to market failure. Considering current efforts by automakers and ridesharing companies, the 2010 battery-swapping approach might have been the right move at the wrong time.
Renewed interest in battery swapping has coincided with dramatic decreases in battery costs per kilowatt-hour and rapid growth in the EV market. In addition, CO emissions concerns and urban air pollution have helped bring focus to EV use, specifically in urban areas. These dynamics have provided opportunities for battery-swapping niches to emerge.
This Navigant Research, a Guidehouse company, ‘Strategy Insight ’ report gives an overview of the challenges and opportunities currently faced by organizations seeking to promote battery-swapping. It identifies market segments that offer the best prospects for fostering the nascent battery-swapping market and recommendations for decision makers. This report's findings are especially relevant to fleet managers and utility decision makers who need to determine whether battery swapping makes sense for their organizations.