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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The act of replacing drained or exhausted batteries in electric vehicles with charged ones can be referred to as battery swapping, and it takes about the same amount of time as filling a conventional car.
As a result, battery switching allays worries about the adoption of electric vehicles (EVs), including extended charging periods, range anxiety, and expensive battery replacement prices.
Additionally, the battery swapping model lowers the cost of buying an EV and increases the competitiveness of the market for electric vehicles by isolating the battery from the vehicle.
These elements will impact the market's expansion for changing the batteries in electric vehicles.
Additionally, the sustained adoption of electric cars was aided by ongoing battery price reductions, performance improvements, and model choices made available by OEMs and fleet operators switching to eco-friendly vehicles.
The Japan EV Battery Swapping Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2023 to 2024.
A new corporation called Gachaco is being established in Japan by Honda, Kawasaki, Suzuki, and Yamaha in partnership with the energy firm Eneos. It will provide a sharing service for the infrastructure needed for electric two-wheelers' standard interchangeable batteries.
The Gachaco battery swapping system proposes to build battery exchange stations for electric bikes and mopeds in Tokyo using the Mobile Power Pack from Honda.
By creating a BaaS (Battery as a Service) Platform for electric mobility and other battery recycling systems, Eneos hopes to assist in the realisation of a recycling-oriented society.
The battery charging stations will be put in convenient locations, such as Eneos gas stations and railroad terminals. Prior to being disposed of, it is intended to reuse the batteries for secondary and tertiary use before they are finally recycled.
Ample, an EV battery swapping firm, has secured two agreements that will support its expansion into Japan and New York City after years of developing the technology.
For the purpose of establishing and running battery swapping infrastructure in Japan, the firm has joined up with the Japanese oil and energy corporation Eneos.
With an emphasis on ride-hailing, taxi, municipal, rental, and last-mile delivery businesses, the two companies will test Ample's completely automated switching technology.
Additionally, Ample and Eneos will assess whether exchanging stations may be used for other purposes, such as a backup power supply for the energy system.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |