Should you rent a car battery?

The ability to rent batteries could mean less stress about battery degradation for drivers, according to Fei Shen, the VP of power management at Nio. “It's not necessary for them to worry about it at all, because they can swap this battery at any time, whenever they want,” he says. And for the company, it’s easier to track and service batteries.

What are electric car battery rentals?

Electric car battery rentals refer to a model of electric vehicle ownership where the battery is leased separately from the car. With battery rentals, instead of owning the battery outright, the driver pays a monthly fee to use the battery as long as they have the vehicle.

Do battery Rentals include VAT?

All battery rentals include VAT, except the Kangoo ZE which are listed excluding VAT. The VAT is obviously reclaimable for a business. Other mileage terms are available. Note: We do not provide battery leases.

Are battery rentals a solution to range anxiety?

With battery rentals, instead of owning the battery outright, the driver pays a monthly fee to use the battery as long as they have the vehicle. This is a relatively new trend in the electric vehicle market and is gaining popularity as a potential solution to the range anxiety that many drivers face.

How much does it cost to lease a battery?

If, on the other hand, you prefer to lease the battery, you’ll pay just under $50,000 up front, plus a monthly fee of $135. (The costs are all a bit higher if you opt for the 100 kWh battery, but the idea is the same.) For that monthly fee, you get a couple of swaps or a set amount of rapid charging.

Should EV batteries be sold as a service?

Instead of owning the batteries that power our EVs, some companies want to rethink our relationship and are pushing batteries as a service. Pay a monthly subscription fee, and you could consistently change out the nearly-spent batteries powering your vehicle for fresh ones in swapping stations.