With inflation rising and the outlook for the UK economy worsening, funding constraints and a dip in investor confidence are threatening to slow down the roll-out of battery charging infrastructure. For the automotive industry, the worry is that this could have a knock-on effect on demand for new battery electric vehicles (BEVs), particularly in densely populated cities such as London where home-based charging is less feasible.
There are a number of options that cost-conscious consumers can consider when weighing up the benefits of BEV ownership. For example, instead of buying and owning a new vehicle, complete with its own lithium-ion battery pack, the battery-as-a-service (BaaS) model could be worth considering. And while its focus is on the consumer, this approach could also bring value-generating opportunities for OEMs.
Unlike battery-swapping technologies, which aim to make EV ownership more convenient and stress-free whilst relying on infrastructure...