A facility known as an electric vehicle battery swap allows for the immediate exchange of a depleted battery or battery pack with a fully charged one, negating the need for the driver to wait for the vehicle’s battery to recharge.
Battery switching stations need far less installation space than charging stations and offer a quicker solution to range anxiety. It takes just ten minutes to change a battery.
Due to the development of swappable batteries, the driver is now able to replace the empty battery with a charged one at a designated switching site.
As a result, this considerably increases the vehicle’s uptime while also cutting operating costs, bringing the EV market closer to profitability.
The Thailand 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 2022 to 2027.
State-owned Energy Efficiency Services Ltd (EESL), which provides swappable batteries for electric motorbikes in Thailand using sustainable energy, said that it intends to invest in SWAG EV. In Thailand, there are over 21 million motorcycles.
They can accelerate the transition to healthier cities and combat climate change by utilising e-bikes with swappable batteries, the majority of which will be powered by solar energy.
The e-bike batteries will enable Thailand to begin its decarbonization process by enabling the power grid to include a greater proportion of renewable energy in its energy mix.
Under its goal to expand Thailand’s EV infrastructure, the National New Generation Vehicle Committee has authorised investment rights for companies that provide electric vehicle (EV) charging and battery swapping services.
The action is a part of the committee’s efforts to boost the market for EVs after it established a target to have 50% of domestically produced automobiles be EVs.
The committee anticipates that with incentive programmes, at least 12,000 EV chargers and 1,450 battery swapping stations would be built nationally, enabling motorbike riders with low batteries to switch them out for fully charged ones without having to wait for a complete recharge. The packages contain cash assistance, tax breaks, and other non-tax benefits.
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