China allegedly decided on the ridding of rechargeable batteries and opting for swappable ones for electric vehicles (EVs) in the future. It was revealed that long charging time has been a problem with EVs in the past that most of the potential buyers claimed they would rather buy those that allow users to swap the source of energy with a fully-charged battery instead of waiting for a longer period to charge the vehicle.
A report by Bloomberg showed that there has been a widespread trend of adapting swappable batteries with electric cars. The Chinese government allegedly plans to establish a concrete industry standard with battery swapping technology with its electric vehicles. The report perceived that if this option would be available in the future, users could then easily swap their EV batteries with fully-charged ones instead of waiting for the recharge to complete.
It was then explained that recharging EVs had been a problem with users since the release of electric vehicles to the public. Consumers have allegedly claimed that it would take a long time to recharge batteries and that the recharging process could delay land trips. China, being the largest EV market in the world, has manifested its desire to respond to these complaints and allow users to utilize swappable car batteries.
It was further discussed that EVs cannot run without batteries and, thus, allowing the swappable battery option would expand the business opportunities in the electric cars sector. It was suggested that companies could offer swappable batteries for rent which could be a potential business venture for market players.
According to China's Ministry of Industry and Information Technology, the country would demonstrate how the swappable battery technology can be used and how EVs embrace the batter-swap mode. It added that this option could improve the system and standardization of EVs and that the industry would continue to optimize the use of green methods.
China also added that the battery-swap technology would enhance the EV markets' business models and further improve the convenience of new energy vehicle usage. At present, the EV giant BAIC BluePark New Energy Technology has adapted the battery-swap mode in years. In fact, there are about 187 batter-swap stations around China that serve around 16,000 electric taxis.
In other news, Auto News reported that demand for EVs had been rising since the country lowered subsidies for buyers in the market last July 2019. The report claimed that battery-swap technology could lower the upfront prices of EVs thereby helping the market improve its sales in the future.
