Ola Promoting Electric Vehicles: Plans to expand its fleet with 10,000 electric three-wheelers
One of India’s favorite ride company Ola is taking the next big step in vehicle renting industry by introducing electric three-wheeler vehicles in its fleet. It plans to have at least 10,000 electric driven vehicles in the next 12 months and more than 1 million vehicles by 2021. This is a big step towards the promotion of pollution-free vehicles to be used on a mass scale.
The scenario is already set by the Narendra Modi government which is determined to promote the use of the electric vehicle to work towards Swacha Bharat and to reduce the dependency on oil imports. The government aims to shift to electric vehicles completely by 2030. Ola taking a step in such a scenario will definitely give it an edge over its competitors and will also be supported by the government laws.
Currently, Ola is operating across 110 cities and is supported by a network of more than one million driver partners. Its electric vehicles will be introduced in three cities as first, the name of which is still not clear. Electric vehicles are already being used in India in small cities and are not widely used across the big cities or in the public transport network.
Till now, Ola has not provided any information on the manufacturer of the three-wheeler. Also, there is no clarity as to whether these vehicles will be driver-owned or not. The tentative time of the launch is also not declared as of now. As a test fleet, the company has launched electric vehicles in the May of last year in a Western city of Nagpur. However, it was not successful due to the long waiting time at charging stations and high maintenance cost. Still, this test has provided the required insight to the company as to how they can make this launch more efficient and more successful. This time the company will enter the market with efficient plans on charging of the vehicles and optimizing the battery use.
The market for electric vehicles have yet to evolve as the sales of these vehicles are not significant. The cost of the vehicles is high and there is no adequate infrastructure in place for the charging of the vehicles. The drivers face a lot of problems and their earning suffer due to this undergrowth of this industry.