Yamaha, a household name in motorbikes, has entered the mobility ecosystem by storm with battery Swapping in E-bikes. The recent move of Yamaha made a positive wave among e-bike enthusiasts.
Yamaha Motor Co. subsidiary Enyring shows a significant step towards addressing the challenges faced by E-bike owners and the industry.
Renovar presents you with this blog page to discuss the possible positive outcome of this move.
Sustainable Solutions for E-bikes
One of the major concerns among people regarding buying E-bikes is the range it offers. The charging facility is under development, and even with fully developed facilities, the waiting time to charge fully is high.
This is not the matter with petrol bikes, where the range factor is not an issue. All you have to do is pump petrol and continue riding in 5 minutes. This problem can be tackled by battery swapping in E-bikes.
Yamaha is Up for Battery Swapping in E-bikes
Last year, Yamaha created a new company called Enyring. This new company will start working in Germany and the Netherlands in early 2025. Enyring wants to collaborate with different e-bike manufacturers to ensure their e-bikes work well together.
Source: YAMAHA MOTOR
A key part of Yamaha’s plan is that people who use e-bikes from Enyring will rent the batteries instead of owning the batteries. It means they pay to use the batteries but don’t own them.
People with this rental agreement can exchange their batteries as much as they want, as long as they keep their account with Yamaha in good condition.
Yamaha also has plans to recycle the batteries when they are no longer useful.
Source: IMI
Market Scope of Battery Swapping in E-bikes
In the year 2022, almost half (49%) of all-electric vehicle (EV) sales worldwide were for 2 & 3-wheeled vehicles. A recent study from Rethink Energy suggests that there are around 292 million electric bikes (e-bikes) and electric trikes (e-trikes) being used currently.
In comparison, the IEA reports that there are about 26 million electric cars on the roads globally. This information shows that smaller vehicles like bikes and trikes are more popular as electric vehicles than larger cars.
A company that studies markets, called Markets and Markets, found that in 2022, the business of swapping batteries (changing used batteries for new ones) was worth $1.7 billion in the United States.
They predict that by 2027, the money made from this industry will increase a lot and reach $11.8 billion.
Even though Yamaha is not the first to do battery swapping, its decision to get into this business shows that it disagrees with people who don’t think swapping batteries will become very popular.
Summary
Yamaha’s recent move to join the global trend of battery swapping in e-bikes is a significant step toward the field of electric transportation. As we’ve seen, the e-bike market is booming, with millions of these electric two-wheelers already in use around the world.
By introducing battery swapping and partnering with manufacturers for compatibility, Yamaha is addressing key concerns and pushing for a more convenient and sustainable future.
The decision to rent rather than own batteries is an interesting approach, offering users flexibility and unlimited swaps as long as their Yamaha account is in good standing.
