The need for electric vehicles (EV) in India is dire on account of the air that is becoming more suffocating and disease-causing every year, owing to the escalating pollution levels. Realizing this grave problem, the government has launched the FAME India scheme, under which it is not only offering purchase subsidies for EVs but also bearing a large chunk of the research and development (R&D) cost. Thanks to such efforts, the sale of e-rickshaws has burgeoned in the country, especially in tier I and II cities.
However, the adoption of electric two-wheelers, cars, buses, and trucks is yet to pick up pace. This is because of the range anxiety associated with them, meaning that these automobiles do not offer a sufficient driving range even after a full charge. The solution to this conundrum, especially for commercial vehicles, such as buses and trucks and the scooters, motorcycles, and cars deployed for shared mobility services, is the installation of charging stations in ample numbers. However, the vast disparity in the availability of charging stations is hampering EV adoption in the country.
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As per P&S Intelligence, this inadequate availability of charging stations will be a key factor for the Indian electric vehicle battery swapping market growth in the years to come. This is because merely replacing the discharged battery with a charged one is faster and less hassle-prone than keeping an EV plugged into a charging station. Since most of the few charging stations that are available are slow-charging variants, they can take up to 8 hours to completely charge an EV battery. This has been a problem for those who have to operate their vehicle throughout the day and for long distances, such as intercity and intracity buses.
Seeing the potential of EV battery swapping services in the country, electric utility companies (DISCOM), battery manufacturers, and charging service providers are entering into partnerships and collaborations. For instance, in November 2019, Ola Electric Mobility Pvt. Ltd., BSES Rajdhani Power Ltd. (BRPL), and BSES Rajdhani Power Ltd. (BRPL) came together to set up EV battery swapping stations in Delhi. Similarly, SUN Mobility Pvt. Ltd., an EV technology provider based in Bengaluru, has entered into at least 10 partnerships with shared mobility companies and EV manufacturers to install battery swapping stations in the city.
In the same vein, Baharat Sanchar Nigam Limited (BSNL) began a collaboration with EVI Technologies Pvt. Ltd. (EVIT) in January 2020 for EV charging and battery swapping stations. As part of the 10-year deal, EVIT is setting up EV charging stations at 5,000 of BSNL’s locations, bearing the entire installation, operational, and maintenance costs. In return, BSNL is providing the required space and electricity connections for the EV charging and battery swapping stations.
Such EV battery swapping stations offer pay-per-use and subscription-based services, of which the subscription-based model is expected to become popular in the Indian electric vehicle battery swapping marketmore rapidly in the years to come. This would be because in the long run, a subscription comes out to be cheaper than paying every time the battery is swapped. With the burgeoning adoption of EVs in public transportation services, the subscription model will allow vehicle operators to cut down on their expenses, which will, in turn, help in making shared electric mobility cost-effective for commuters.
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Hence, with governments offering their support for EV adoption and entering in partnerships to make the charging process easier, the battery swapping concept will become popular in the country.
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