Battery Swapping Charging Infrastructure Market Projected To Reach USD 811.5 Million By 2030
San Francisco, 1 Jan 2023: The Report Battery Swapping Charging Infrastructure Market Size, Share & Trends Analysis Report By Vehicle Type (Three-, Two-wheeler), By Service Type (Pay-per-Use, Subscription), By Region, And Segment Forecasts, 2022 - 2030 The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, expanding at a CAGR of 20.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period. Through the battery-swapping charging infrastructure, consumers can borrow batteries as a stand-alone component from