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I would guess a swappable battery would be separated from the vehicle, similar to a gas bottle for a grill.
The battery would be rented for a small deposit and on swapping you only pay the energy + service fee.
I guess you could also buy one to own, but then could not swap that.
That’s how it would make sense, at least.
You still need to be able to defend against double spends, meaning I digitally copy my wallet and give two people the same 5€.