BaaS lowers entry cost of EV ownership, but may not always be cheaper
Last Update Date: 05-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that the choice of financiers may be limited and billing disputes can arise from telematics data. He suggested an RBI-regulated financier and said the model may not suit high-mileage, long-term owners.
More of Abhishek's views on money management
Business Standard examines Battery as a Service, where an electric vehicle is bought without its battery and the owner pays a recurring, usually per-kilometre, fee for it. The model lowers the upfront price and shifts battery risk, but minimum charges, contract terms, financier dependence and resale doubts can raise the total cost.
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BaaS lowers entry cost of EV ownership, but may not always be cheaper