Ola Ramps Up Electric Vehicles Push in India

  • Ola is preparing for a large-scale rollout of electric vehicles by 2018.
  • It will pilot a few thousand electric vehicles including two-wheelers, rickshaws and cars, by rolling out the service in Telangana and Nagpur city.
  • It will also invest in setting up charging stations in those pilot cities.
  • Charging stations would include a battery swapping facility for some vehicles & quick recharges for others.
  • Ola’s push comes as sales of electric vehicles in India have remained slow, despite government incentives to curb pollution.
  • “Ola may introduce one million electric vehicles in India over the next five years”: Masayoshi Son [Softbank Group Chairman]
  • India is targeting 6 million electric vehicles on the road by 2020, but high battery costs, a lack of charging stations and the limited range of the vehicles will remain a challenge.
Source: http://bit.ly/2odRHUH

 

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Yajuvendra Paranjpe

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Yash Rathod

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