Why Some Companies Want You To Rent the Battery In Your EV

18 May 2023 | Abstracted from MIT Technology Review

"Instead of owning the batteries that power our EVs, some companies want to rethink our relationship and are pushing batteries as a service. Pay a monthly subscription fee, and you could consistently change out the nearly-spent batteries powering your vehicle for fresh ones in swapping stations.

"If...you prefer to lease the [75kWh] battery [from Nio] you'll pay just under $50,000 up front, plus a monthly [subscription] fee of $135..."

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