Battery swap technology will lower the cost of acquiring EVs: Piaggio MD

We will also be studying a fixed battery solution, so that when a customer is ready for it, we are in a position to market it, said Diegio Graffi, MD & CEO at Piaggio India

On Wednesday, the Indian arm of Piaggio, the Italian automobile entity, entered the electric vehicle (EV) segment in this country with the launch of a three-wheeler, the Ape E-City. DIEGO GRAFFI, managing director and chief executive, speaks to Arindam Majumder on the why and how. Edited excerpts:

When you go electric, the price of your product goes up.  So, how does a three-wheeler product which will be for public transport suit your strategy?

Talking about price, it is true the cost of technology for electric application is costly. Definitely, if you compare a full EV, including cost of battery, to conventional petrol