Battery Swapping: A Sustainable Solution For The EV Ecosystem

India has ambitious plans of achieving 100 per cent electric mobility by 2030. However, there are multiple challenges that lie ahead on this course.

- Akshay Singhal

Currently, electric vehicle (EV) adoption in India is about 0.5 per cent, and strongest in the two-wheeler and three-wheeler segments. Under current circumstances, and given India’s ambitious plans, there can’t be a better saying than “Infrastructure should precede innovation.” As India gears up on this disruptive path, the focus has to be on the EV charging infrastructure.

India is a price-sensitive market. The initial acquisition costs of EVs have largely hindered the growth of this market. We have seen that battery performance has been increasing on an average of 8 per cent, year on year. We are also seeing a decline in battery prices. However, it is impossible to avoid the concerns regarding the range of these batteries. Tackling this fear while balancing the cost and performance of the vehicle will be the only winning strategy in fuelling the growth of the EV market.