HYDERABAD, India, Sept. 30, 2025 /PRNewswire/ -- According to a recent report by Mordor Intelligence, the electric vehicle battery swapping market size is estimated at USD 1.62 billion in 2025 and is projected to reach USD 5.93 billion by 2030, advancing at a 29.65% CAGR during 2025-2030. The electric vehicle battery swapping market outlook highlights how battery swapping addresses key challenges in EV adoption by minimizing charging downtime, reducing upfront costs through Battery-as-a-Service (BaaS) models, and supporting large-scale electrification of two- and three-wheelers. With governments and private players investing in standardized infrastructure, battery swapping is emerging as a vital enabler for sustainable mobility across both developed and emerging markets.
Trends Influencing Market Growth
Standardization of Battery Format: Efforts are underway to create uniform battery sizes and interfaces, enabling compatibility across different vehicles and reducing the need for multiple battery inventories.
Subscription / Battery-as-a-Service (BaaS):Battery ownership is shifting to subscription models, lowering upfront costs in electric vehicle market and offering predictable monthly expenses, especially appealing for fleets.
Automated Swapping Stations: Robotic and automated systems are being introduced to make battery exchanges faster, safer, and more efficient compared to manual swapping.
Second-Life Battery Use: Swapped batteries are repurposed for stationary energy storage or backup systems, creating additional revenue streams and supporting sustainability.
Hybrid Charging and Swapping Models: Operators are combining swap stations with conventional charging points, providing flexibility and ensuring wider adoption of EV infrastructure.
Segmentation Landscape
By Vehicle Type
- Two-Wheeler
- Three-Wheeler
- Four-Wheeler
- Others
By Services
- Subscription
- On-Demand
By Station Type
- Manual
- Automated
By Battery Type
- Lithium-ion
- Lead-acid
Access the full report details to gain in-depth insights and analyze market trends - https://www.mordorintelligence.com/industry-reports/electric-vehicle-battery-swapping-market?utm_source=prnewswire
Regional Growth Insights
North America
North America is steadily building its electric vehicle battery swapping ecosystem, with pilot projects and partnerships involving automakers, energy providers, and technology firms. The United States is focusing on urban hubs and fleet-based applications, while Canada is exploring swapping solutions as part of its broader clean transportation agenda.
Europe
Europe is advancing battery swapping through strong policy support for EV adoption, carbon-neutral mobility goals, and collaborative infrastructure projects. Countries such as Germany, France, and the Netherlands are testing standardized swapping stations, with emphasis on integration into public transport and shared mobility services.
Asia-Pacific
Asia-Pacific leads the global market, driven by large-scale adoption in China, India, and Southeast Asia. High population density, extensive two- and three-wheeler usage, and government-backed electrification programs are fueling rapid expansion. China is at the forefront with nationwide rollouts, while India is accelerating adoption through fleet operators and urban mobility initiatives.
South America
South America is in the early stages of adopting battery swapping, with Brazil and Chile emerging as test beds for electric mobility infrastructure. Initiatives are focused on reducing reliance on imported fuel, improving fleet operations, and enhancing sustainable transport solutions in urban centres.
Middle East & Africa
The Middle East and Africa are exploring battery swapping as part of broader clean energy and mobility initiatives. The UAE and Saudi Arabia are investing in pilot projects tied to smart city development, while African nations are beginning to view swapping as a practical solution for cost-effective EV adoption in commercial and public transport fleets.
Companies Shaping the Market
- Amara Raja Group
- Ample
- Aulton New Energy Automotive Technology Co. Ltd
- Battery Smart
- Bounce Infinity
- Esmito Solutions Pvt Ltd
- Gogoro
- IMMOTOR
- Kwang Yang Motor Co. Ltd (KYMCO)
- Lithion Power Private Limited
These companies are actively working on expanding swapping station networks, standardizing battery formats, and developing flexible service models while collaborating with automakers, fleet operators, and governments to accelerate adoption across both developed and emerging regions.
Check out related reports published by Mordor Intelligence:
EV Solid-state Battery Market: The EV Solid-State Battery Market is valued at USD 0.26 billion in 2025 and is projected to reach USD 1.69 billion by 2030, registering a CAGR of 45.39% during the forecast period. Growth is driven by rising demand for safer and higher-energy-density batteries, accelerating electric vehicle adoption, and increasing investments from automakers and technology companies to commercialize solid-state battery technology for next-generation mobility solutions.
Battery As A Service Market: The Battery-as-a-Service Market size is valued at USD 0.74 billion in 2025 and is projected to reach USD 2.59 billion by 2030, registering a CAGR of 28.43% during the forecast period. Growth is driven by the rising adoption of electric vehicles, increasing preference for flexible battery subscription models, and expanding investments in swapping infrastructure and mobility-as-a-service ecosystems.
Nickel-based Batteries for Electric Vehicles Market: The Nickel-based Batteries for Electric Vehicles Market size is valued at USD 2.37 billion in 2025 and is projected to reach USD 2.87 billion by 2030, registering a CAGR of 3.93% during the forecast period. Growth is driven by the rising adoption of electric mobility, increasing demand for high-energy density storage solutions, and the continued use of nickel chemistries in hybrid and long-range EV applications.
About Mordor Intelligence
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, and logistics.
For any inquiries, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us
Logo: https://mma.prnewswire.com/media/2746908/Mordor_Intelligence_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ev-battery-swapping-market-growing-at-29-65-cagr-by-2030--fuelled-by-accelerating-penetration-of-electric-vehicles-says-mordor-intelligence-302570630.html
