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Archives

India to push Uber, Ola fleet to go 40 pc electric

10/07/2019 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Uber, Ola EVs

The Government plans to order taxi aggregators such as Uber and Ola to convert 40 per cent of their fleet of cars to electric by April 2026, according to a source quoted and records of Government meetings cited by a business daily in its report. 
 
Uber and Ola, both backed by Softbank Group, would need to start converting their fleet as early as next year to achieve 2.5 per cent electrification by 2021, 5 per cent by 2022, 10 per cent by 2023 before hiking it to 40 per cent, according to the person and the records that have been reviewed by news agency Reuters. 
 
Some taxi players, like Ola, have previously tried to operate electric cars in the country, but with little success given inadequate infrastructure and high costs.
 
The Government, however, is looking to push the new policy to boost the adoption of electric vehicles (EVs) as it tries to bring down its oil imports and curb pollution so it can meet its commitment as part of the 2015 Paris climate change treaty.
 
NITI Aayog, which plays a crucial role in policymaking, is working with several ministries on the new policy.
 
At a meeting in New Delhi on May 28, NITI Aayog officials and the ministries of road transport, power, renewable energy and steel, as well as the departments of heavy industries and trade, were among those recommending taxi operators in the country gradually convert to electric.
 
They also recommended that all new cars sold for commercial use should only be electric from April 2026, a change that would also apply to Uber and Ola, said the person who has direct knowledge of the matter but spoke on condition of anonymity.
 
Motorcycles and scooters sold for commercial purposes, like food delivery or for use by e-commerce companies, will also need to be electric from April 2023, the person added.
 
The EV proposal comes weeks after the inter-ministerial committee recommended electrifying most motorbikes and scooters for private use and all three-wheeled auto-rickshaws within the next six to eight years.
 
While there are several electric scooter manufacturers in the country, including Ather Energy, Hero Electric and Okinawa, there are only two carmakers that build and sell electric cars — Mahindra & Mahindra and Tata Motors.
 
Some taxi operators have so far had little success operating electric cars in India. Ola launched a pilot project in Nagpur in 2017 but a year later drivers, unhappy with long wait times at charging stations and high operating expenses, wanted to return to gasoline cars.
 
Ola, however, is not giving up yet. Its electric mobility unit in March raised Rs 400 crore ($58 million) from investors, including venture capital fund Tiger Global and Matrix Partners. It also raised $300 million from Hyundai Motor and Kia Motors and formed a strategic partnership with the South Korean duo to help build India-specific EVs.
 
The Government in 2017 had set an ambitious target to electrify new cars and utility vehicles by 2030 but resistance from the industry forced it to scale back the plan.
 

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