Photo Credit:Fair Use [17 U.S.C. § 107]

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..."

ADDITIONAL RELATED NEWS LINKS

• EV Swaps For High-Mileage Drivers Is A National Priority - Here's Why


• London Will Be The World's First Car-Free City, According To A New Survey


• NIO Completes 30 Million Global Battery Swaps, Further Proving The Process's Viability


• Kenya: Government Unveils Plans For Nationwide E-Cycle Scheme


• This Low-Cost EV Comes With Extra Batteries That Plug Into A Regular Outlet


• Series Production of Silence S04 Electric Nanocar Begins


• ROAM Rolls Out Solar-Powered Electric Motorcycle Hubs For Fast Charging And Battery Rentals


• Gogoro's Battery-Swapping Stations In Taiwan Are Now Virtual Power Plants


• Mercury Unveils New 100% Electric Outboard Boat Motor with Easy-Swap Batteries


• Uganda To 'Give Away' Electric Motorcycles to Replace ICE-Powered Motorcycles