Frequantly Asked Questions
No, the opposite, they will become less. The solution with a separate battery provides an opportunity to sell the cars without the battery, which today correspond to 30% of the price. The battery will be available on lease contracts which mean that that the purchase price for the car will be much less.
The EV market is developing extremely fast with more and more players declaring that they will manufacture only EVs in a few years. The first segment of the market that will use PowerSwap will be the fleets such as taxis, which mostly will be running in two or three shifts, i.e. there is no time available for charging. The good thing for us is that this market segment provides the best exposure to the rest of the market as the taxi business mean many customers per day will discover the usage of battery swap.
Obviously the major car makers will find it a challenge to implement a battery cassette in their cars. What is a realistic extra cost for implementing PowerSwap in production for a car maker?
The system is actually simple and the extra manufacturing cost in car production is in the range of a few hundred EUR per car.
Power Swap units will be installed at existing locations which means that no extra land will be required. Installations will be made at existing fuel stations and existing parking lots such as for example outside IKEA stores. The space needed is in the range of 10 square meters per unit.
No, car owners living on the ground in their own houses will likely charge the battery in the garage over night. However, villa owners are in most countries less than half the number of house holds, i.e. PowerSwap will provide the solution for 50% + of the car owners living in apartment homes in the cities as well as a solution for anybody that want to travel longer distances without the need to spend additional time for charging.
How much is an infrastructure based on PowerSwap compared with installing a big nuber of charging poles in the urban areas?
PowerSwap is a much more cost efficient solution, only about 1/10 compared with wide spread network of charging poles.
A rough answer is 150 000 EUR per machine.
Most people think this is a big number, but the right figure is only an additional 2,5 -3 % of the number of batteries in the cars.
It can be 25-40 depending on the traffic at the location and also depending on the available power in kW. If the power is limited, then the charging can be longer, which however also require more batteries.