A Decade After Initially Failing, Battery Swapping in Electric Vehicles Has a New Lease on Life with Promising Economics

Limited charging speed and availability have been major barriers to electric vehicle adoption, and fast-charging stations are currently the most popular way to quickly add range to vehicles. However, the additional power demands can stress the electrical grid, prompting reconsideration of other solutions like battery swapping, according to a new analysis from Lux Research, a leading provider of tech-enabled research and innovation advisory services. Although battery swapping failed nearly a decade ago, it is now being considered for supporting taxi fleets in urban environments.