This invention describes a system for calculating rental fees for electric vehicle batteries or entire electric vehicles. A central computer collects various data points about the battery or vehicle, such as its manufacturer, how much power it has used, how often it's fast-charged, and where and for how long it's used. Based on these factors, it sets a customized monthly rental fee.
Why it matters: Filed in 2023, the system relies on detailed vehicle and battery data. Since then, the standardization and accessibility of telematics data from electric vehicles have improved, making it more feasible to collect the granular information needed for this dynamic pricing model.
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