Well, if it degrades to 90% after three years, and let’s extrapolate to 81% after another two to three years, then a battery swap in 5 minutes might be reasonable to do instead of charging once every three to five years or so. I guess it depends on the quality and retained capacity on the batteries being swapped in.

The vast majority of charging is done at home, though. Five-minute-charging/swapping is basically a gimmick to show off to your friends, and only really sees (questionable) use during that once-a-year road trip.

The main value in these technologies is to shut up the "But sometimes I want to drive for 20 hours without being forced to take even a single 30-minute break!" pseudo-argument as to why an EV is "impossible" for their lifestyle. Same with the Lucid Air and its 1000km range: basically zero people truly need it, but it needs to exists in order to drag the last few holdouts into the future.