EESL Thai investment paves way for electric two-wheelers with swappable batteries

Following the news that India’s state-owned Energy Efficiency Services Limited (EESL) has announced to invest in Thailand-based e-mobility player SWAG EV, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, says: “EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries in India and is a major positive development for the Indian e-mobility market. The cost of ownership, along with the availability of adequate charging infrastructure, is a key factor for the large-scale uptake of electric vehicles. EESL’s pilot project with SWAG to implement battery-swapping concept is expected to make electric two-wheelers a more feasible product in India.