40% Cabs In India To Be Electric By 2026
In an attempt to reduce pollution and combat climate change, the Indian government is planning to take an initiative that may help towards the cause. As per reports, the government will order popular rideshare companies such as Uber and Ola to replace 40 percent of their vehicular fleet with electric cabs by the year 2026.
Regarding yearly goals, the concerned authorities will expect the companies to increase the number of electric vehicles gradually. For reference, the number of EVs (electric vehicles) should be 2.5 percent by 2021, 5 percent by 2022, 10 percent by 2023, and 40 percent by 2024. Other reports reveal that the government may introduce a rule stating that all vehicles having commercial implications should be electric by the year 2026. This rule won’t be limited to just cars, instead, new electric motorcycles and scooters will be also incorporated in such a case.
If such a rule is brought into existence, EV manufacturers such as Hero Electric, Tork Motorcycles and Ather Energy may start a whole new lineup of Electric vehicles that are affordable and efficient. A boost like this may enable other automobile brands to join in with their own technologies and vehicles. However, electric cabs may not be the most successful investments in the country as of now. In the year 2016, Tesla CEO Elon Musk announced the pre-ordering of electric Tesla vehicles in the country, but till date, there is no news regarding any developments to the plan.
Popular rideshare organization Ola previously launched an EV test program in Nagpur, which failed and the venture had to be shut down in the year 2018. Nonetheless, the program raised more than US$ 300 million to keep the venture going. Ola claims that it will incorporate 1 million electric vehicles on Indian roads by the year 2022. The company is yet to announce any update regarding the project, but considering that environmental impacts are enforcing changes, electric vehicles are the way to go.