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Strategic Analysis of the Global Electric Two- and Three- Wheeler Battery Swapping Market

·2-min read

This study covers the key electric 2- & 3-wheeler (2W/3W) markets in Asia, Europe, and Latin America. The study identifies the key drivers of electric 2W/3W battery swapping technology and captures key components of the ecosystem.

New York, Sept. 14, 2022 (GLOBE NEWSWIRE) -- announces the release of the report "Strategic Analysis of the Global Electric Two- and Three- Wheeler Battery Swapping Market" -

The report identifies and analyzes key participants and collaboration between battery swapping companies and OEMs, and contains profiles of those participants operating battery swapping stations in Asia, Europe, and LATAM regions.

Battery swapping technology allows E2W and E3W to be sold without the battery, thereby reducing the cost of the vehicle by nearly 40%. Standardization of batteries will further reduce the cost of E2Ws and E3Ws.

Battery swapping technology eliminated the cost of new batter after the average warranty period of 3 years.

Strategic partnerships with supermarkets and fuel stations will help set up swapping stations within miles of each other.

Battery swapping technology allows users to complete a battery swap in under two minutes.

The dynamically changing automotive scenario, increasing adoption of E2Ws, and the lack of charging infrastructure have led to the growth of innovative business models, such as BaaS, thus addressing range anxiety associated with EVs.

In some cases, the BaaS plan also covers vehicle maintenance and insurance, which will make E2W ownership even cheaper.

After a decade of sharp decline, E2W battery cost is likely to rise in 2022, as demand is starting to outstrip supply.

This ride-in cost is expected to delay the $100/kWh barrier by another 2 years.

E2W riders living in large apartment complexes are experiencing challenges in the installation of EV charging sockets at their designated vehicle parking lots.

Asia is the most attractive market for battery swapping technology because E2Ws are considered primary transportation, particularly in ride-sharing and last-mile delivery.

Owing to the lack of BSS regulation, collaboration allows participants to establish their own standards.

The Latin American E2W/3W market is still nascent because of the presence of fewer participants and the lack of favorable regulations.

The market witnessed significant sales numbers only from 2021.For battery swapping stations to operate profitably, the number of EVs on the road is more important than the number of new EVs sold.

Cost remains the key criterion for gig workers in the CEP industry and private commercial E3Ws, especially in Asia and LATAM.

Attractive battery swapping bundle plans are essential to commercial fleets.

Battery health and upkeep are crucial for offering uninterrupted rides to customers, particularly in commercial transportation.

Battery charge and discharge data can open new business opportunities in data mining.
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