Press release
India EV Battery Swapping Market Size, Demand and Share Analysis, 2030
Explore more about this report@ https://www.psmarketresearch.com/market-analysis/india-electric-vehicle-battery-swapping-market
The increasing traction of electric rickshaws in last-mile mobility, electric scooters in B2B sharing services, and electric cars in ride-hailing fleets fuels the industry growth. Moreover, vehicles without pre-installed batteries can now be registered, which is likely to propel industry development in the coming years.
Three-wheelers captured a share of 90% in 2022, as battery swapping techniques can increase the life of electric load and passenger carriers significantly. On average, these vehicles cover over 100 km on a daily basis and require regular charging of the battery.
The swapping of the batteries decreases the downtime over conventional charging methods, thus making this technology popular among e-rickshaw operators in the country. Furthermore, the initiatives taken by OEMs and civic agencies to deploy replaceable batteries in EVs and set up swapping centers drive the revenue for service providers.
Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/india-electric-vehicle-battery-swapping-market/report-sample
Increasing Battery Swapping Demand for Two-Wheeled EVs
● The two-wheeler category will likely experience a growth rate of 32% in the future. This is credited to the government incentives and subsidies on their purchase, rising environmental consciousness, and stringent emission standards.
● Moreover, OEMs are introducing advanced e-two-wheelers in the country with the ability to cover longer distances on a full charge and offer a high speed compared to the earlier models.
Subscription Model vs Pay-Per-Use Model
● Battery swapping subscriptions capture the major revenue share. Electric buses ply on routes and have the same number of stoppages, which allows drivers to know the distance they cover on a regular basis. This makes having a long-term subscription economical for them over paying for every single swap.
● The pay-per-use model will experience considerable growth in the coming years. Electric rickshaws usually ply for 12 to 15 hours and cover over 100 km every day.
The research offers market size of the India EV battery swapping market for the period 2017-2030.
Market Segmentation by Vehicle Type
• Two-Wheeler
o Pay-Per-Use Model
o Subscription Model
• Three-Wheeler
o Pay-Per-Use Model
o Subscription Model
• Commercial Vehicle
o Pay-Per-Use Model
o Subscription Model
Market Segmentation by Service Type
• Pay-Per-Use Model
• Subscription Model
About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.
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Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
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