Electric Vehicle Supply Equipment (EVSE) or charging equipment are prerequisite for electric vehicle (EV) adoption by vehicle owners. Various countries adopted different approaches and business models for creation of EVSE ecosystem with mixed results. As India is gearing up to unleash an EV revolution, few key questions related to EVSE continues to haunt the stakeholders in the EV space:
The adoption of EVs are hindered due to high cost of ownership. By taking out of the battery from the equation the cost can be reduce. A third party will have the ownership of the battery and will be liable for replacing the drained batteries with fresh, charged and standard ones.
Battery Swapping Stations acts as a battery aggregator and has enough clout to participate in markets for electrical energy and reserve. The BSS can maximize its profits by providing services to the system, such as voltage support, regulation reserves, or energy arbitrage.
However, battery swapping model has not fully succeeded globally due to techno-commercial dynamics. As is known, the main issues are around standardization, commercial viability and reliability.
A battery swapping and charging station is an energy refueling station, where,
a. EV with depleted batteries can swap them with fully charged batteries,
b. The depleted swapped batteries are charged.
A strategically planned BSS can ensure fast swapping and extend the travel range.
To fully utilize the potential of BSS, the EV batteries should be easily replaceable and accessible to one and all. For this, there would be one most important requirement: Consistent Standardization of Batteries of various EV’s. Therefore, the best model for EV will be one where batteries will be leased by the owner from the company. The most prominent feature of this approach would be that the price of EV will drastically reduce as the cost of battery is deducted from the total vehicle cost.