In addition, OEMs encourage growth by enabling battery swapping in new models as this will address concerns about range and battery life. However, as the global situation started ameliorating, the increased sales of small format e-mobility vehicles accelerated and are expected to continue increasing in the post pandemic situation. High initial set-up & operating cost of battery swapping stationĭue to the COVID-19 pandemic and the subsequent global lockdowns, the electric vehicle battery swapping market faced a downturn. ![]() Introduction of innovative & advanced battery swapping model and servicesĭifferentiation in battery technology & design Reduced time for electric vehicle charging Increase in demand for electric vehicles, coupled with lack of adequate public charging facilities Station Type, Vehicle Type, Service Type, and Region. Further, rapid emergence of shared e-mobility and introduction of innovative & advanced battery swapping model and services by market players are expected to offer remunerative opportunities for expansion of the electric vehicle battery swapping market during the forecast period.ĮV Battery Swapping Station Market Report Coverage & Details: However, differentiation in battery technology & design and high initial set-up & operating cost of battery swapping station hamper the market growth. Increase in demand for electric vehicles, coupled with lack of adequate public charging facilities, reduced time for electric vehicle charging, and addressing range anxiety are anticipated to drive the market growth. ![]() Portland, OR, J(GLOBE NEWSWIRE) - Allied Market Research published a report, titled, “ Electric Vehicle Battery Swapping Market by Station Type (Automated and Manual), by Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Commercial Vehicles), by Service Type (Subscription Model and Pay-Per-Use Model): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global Electric vehicle battery swapping industry generated $1.78 billion in 2022, and is anticipated to generate $49.26 million by 2032, witnessing a CAGR of 39.6% from 2023 to 2032.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |