Better Place’s failure ended battery swapping. But serious Chinese industry players are having second thoughts and their ambitious plans must be spooking the nascent charging networks. This is key to the electric car revolution; if EVs can’t recharge as fast as ICE ones, it will stall.
Better Place’s economics crashed its business with Renault of France, which started in Israel and Denmark in 2012 and was forced into bankruptcy. The huge cost of storing batteries doomed the concept. The cost of batteries of $30,000 or more meant it was uneconomic to keep enough stock readily available to swap. Car owners would worry that when their €30,000+ battery was swapped for another one, it might well be faulty.
By leasing batteries, a huge initial outlay is avoided for EV buyers, while the vexed problem of residual values, bedevilled by a big question mark over battery life, is eliminated. And when this problem goes, the advantages look formidable. Swapping means you will always have the latest technology and concerns about battery degradation and warranties are eliminated. It takes less than 5 minutes to swap.
“The swapping solution has advantages. The swapped battery is significantly cheaper than the normal battery and the service life is longer because it is always charged under ideal conditions, i.e. no quick charging. And it can be made smaller. I don't need , but or are enough. And don't forget, it can be charged with inexpensive electricity - for example at night - and then used as smart metering, i.e.
In a joint e-mail, they said the current battery swapping system in China is strongly backed by the government and an array of partnerships with battery swap service operators and battery asset management stakeholders while EV manufacturers focused on battery leasing, battery maintenance, and battery management.
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