Yes, that should definitely be part of the analysis. $10 for the electricity, $50 for the prorated cost of the batteries. Every discussion should indeed take the battery life and factor it into cost of operation per mile, which is exactly what is being done with these battery swaps. Since the units are made up of commercial off the shelf cells such as the NCR18650A, the wholesale price in quantity of which is well known, and which have a known short lifespan, it is a simple matter to determine this cost.

So yes, absolutely when talking of the cost of operation, we should consider both the electrical cost per recharge, and the cost of the battery.