40% of OLA and Uber Cars May be Forced to be Converted into Electric

India's EV dream

Environmental change and issues is not a new thing in this world, and moreover, the issues are increasing by daily basis and now the world is realizing that we need to do something before it’s too late, considering this in India is also facing a lot of crisis and government is looking for ways to reduce this pollution . The Indian Government is trying hard to get the electric vehicle industry going and to move towards eco-friendly, and considering the popularity and increasing use of cab services like OLA and Uber to convert 40% of their vehicles to EVs by 2026.

India being a huge country with a massive population and more than 20 crore vehicles, obviously have a lot of air pollution which has been increasing yearly, Air pollution in India is a serious issue, ranking higher than smoking, high blood pressure, etc. India comes third after China and united states in terms of air pollution and the government is seriously looking into this issue after serious air pollution problems in the capital city and also other metros in the country and now as the new government is set, it is looking for new solutions to reduce the issue.

The Indian government is planning to order companies like Ola and Uber to convert 40 percent of their vehicles to electric vehicles (EVs) by 2026, according to a report from Reuters. The authorities will order the companies to adapt to electric vehicles by increasing their use year by year: 2.5 percent by 2021, 5 percent by 2022, 10 percent by 2023, and 40 percent by 2024.

Ola as a company had launched a project in Nagpur which was exclusively designed to provide the experience to form a successful business model for electric vehicles at a considerable amount of large scale. However, it did not turn out as the company had expected and with the current infrastructure, within a year, drivers were unhappy with long wait times at charging stations and high operating expenses and other issues and wanted to return to traditional petrol /diesel cars. However, Ola did not lose hope, it soon launched a new business unit – Ola Electric Mobility Pvt Limited. This venture has found support from investors like Ratan Tata and Arun Sarin and has also received funding worth Rs 400 crore. The company aims to bring 1 million electric vehicles on India roads by 2022 and also new solutions and more stations to charge them.

However on the better side, there are already many contenders for electric two-wheelers category, Hero Electric, and Okinawa, two major electric scooter manufacturers already have launched many electric scooters in the Indian market.on the other side start-ups like Twenty-Two Motors, Ather Energy and the upcoming Revolt Intellicorp electric scooter and bike brands are also entering the market with high hopes and new energy. Looking on the 4 wheels side on a bad note, there are v fewer options available. The only 3 electric cars in our country include the TATA Tigor EV and the Mahindra e2o Plus and eVerito. While other big brands like Hyundai and Maruti are also planning to launch their electric cars it will be interesting to see how they fare in Indian markets.

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  1. […] to electric mobility, create millions of new jobs and economic opportunity, and lead the world,” Ola CEO and co-founder Bhavish Aggarwal […]

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