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The Economic Times

Economy / The Economic Times

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Buying an EV? Battery subscriptions could cost you more

Battery-as-a-Service models reduce electric vehicle upfront prices for buyers. Recurring battery payments and financing commitments can increase overall ownership costs. Some plans include minimum monthly usage clauses, affecting affordability for low-mileage drivers. Automakers state BaaS aims to improve electric vehicle affordability and acceptance. This financing tool separates battery costs, making initial purchases more accessible.

11 Jul 2026 3:55 pm