The global electric vehicle (EV) market has experienced sustained growth over the last decade; however, adoption within the commercial EV segment remains comparatively sluggish. This disparity is driven by three primary factors: the intrinsic limitations of lithium-ion battery chemistry, which imposes constraints on charge–discharge cycling, excessive charging durations for large battery packs used in long-haul semi-trucks, and diminished charging effectiveness under cold weather conditions, which further extends downtime and increases grid demand. To address these operational and infrastructural challenges, this article proposes a novel battery swapping station layout with ‘design-integrated safety’ features, enabling rapid battery replacement while ensuring compliance with safety codes and standards. Two complementary pricing strategies are developed for deployment under differing market structures. The first is a Cournot competition, applicable to deregulated environments, where firms strategically allocate battery inventory between EV swapping services and participation in a secondary energy market. As an extension of the Cournot competition model, the profit functions are analytically derived for a duopoly in which one firm engages in dual markets, enabling assessment of equilibrium outcomes under competitive conditions. The second strategy is a degradation-sensitive pricing framework, intended for regulated markets, which dynamically adjusts swap prices based on state-of-charge depletion, duty cycle intensity, environmental exposure, and nonlinear battery degradation effects. This formulation is evaluated for six representative operational cases, demonstrating its ability to incentivize shallow cycling, penalize deep discharges, and incorporate fair usage-based pricing. The proposed architectures and pricing models offer a viable pathway to accelerate commercial EV adoption while optimizing asset utilization and profitability for station operators.
Soham Ghosh (Fri,) studied this question.