Emerging Role of Battery as a Service in Accelerating EV Adoption

Demand side incentives have reduced the price difference, however many consumers still struggle to afford e-4W and e-LGVs. Major original equipment manufacturers (OEMs) are introducing Battery-as-a-Service (BaaS) options to reduce consumers' initial financial burden and provide OEMs with a consistent revenue stream, says Mr Piyush Saxena, Research Associate, Transport and Urban Governance Division, TERI.