On-demand battery swapping service for electric vehicles
The idea is to offer an on-demand battery swapping service for electric vehicles, eliminating the need for long charging times and range anxiety. Users can easily swap their drained batteries with fully charged ones at conveniently located swapping stations. Market size: According to a report by BIS Research, the global electric vehicle market is expected to reach $912.8 billion by 2026, with a CAGR of 22.1%.