A:AnswerYes. Removable and interchangeable. Buy the spare battery from anywhere, amazon, eBay, or stores and get a separate battery charger if you are really concerned or planning an extended trip in the dark, in a cave, and scary place destination (maybe).
2 hours run time? Who does that? Medium to low is the setting when you're on the move High if you are about to do something crazy. I use the High mode only for burst mode. i.e blind somebody or place a spot for others to see what I'm looking at. Anyways, have fun with it, it's a good tool and of course, a depleted battery charge means your flashlight is dead!
That goes to all battery-operated gears. It's a USB charging- so... buy a power pack 20K to 50K mAh, a solar charger, and/or a Jackery power bank if you don't mind hauling all these backup power supplies. I camped for 5 days and never charged my Motorola, got home, and probably charged it a month later. I only used it at night under normal use.