In today's era, the world has been moving substantially towards adopting cleaner fuel for energy demands. Transportation is a specific domain that needs to be addressed as soon as possible because of limited fossil fuel availability. Electric vehicles have come up with a potential solution for reducing Greenhouse Gas emissions (GG). E-mobility has increased in the last decade in developed nations. However, developing countries are still in the initial phase of moving towards E-mobility. India, for instance, has been making rigorous efforts to adopt Electric vehicles, particularly in the 2-wheeler and 3-wheeler segments. However, due to some constraints, the passenger 4-wheeler segment is still lagging in adoption. Mining critical elements like lithium and cobalt are subjected to various constraints, so to secure the complex supply chain of Electric vehicle batteries (EVBs), a Battery-Swapping Ecosystem (BSE) could be a potential solution to address this issue and improve circularity in the battery business. Therefore, this study aims to identify critical barriers in developing a battery-swapping ecosystem that could contribute towards the Nationally Determined Contributions (NDC) targets of net neutrality by 2070. The study identifies potential obstacles through a literature review and consultation with experts. This study can help researchers, policymakers and managers make critical decisions for developing a sustainable battery-swapping ecosystem.