Battery swapping faces uphill climb in Singapore’s EV market

SINGAPORE is years away from its goal of fully electrifying all vehicles by 2040, but it has hit a speed bump around the use of swappable batteries.

In April, Singapore-based Mo Batteries bowed out of the electric vehicle (EV) race in the city-state, just a year into a trial of its battery-swapping solution. The company cited high costs and the complexity of commercialising its solution in the city-state for the move.

With this exit, only one operator remains in the pilot: Taiwan-headquartered Gogoro.