Battery as a Service
Battery-as-a-service (BaaS) enables users to lease batteries independently of the vehicle, eliminating the need for an upfront battery and vehicle purchase. The battery would be leased from a provider of charging infrastructure under the BaaS model, and every time it would need to be recharged, it would be swapped out at a station. Similar to “software as a service,” “banking as a service,” and “infrastructure as a service,” which have been popular in other industries, the
aforementioned leasing is provided as a service.
