INDIA PLANS TO MAKE UBER AND OLA GO 40% ELECTRIC

INDIA plans to order taxi aggregators like Uber and Ola to convert 40 percent of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility. Uber and Ola, both backed by Softbank Group, would need to start converting their fleet as early as next year to achieve 2.5 percent electrification by 2021, 5 percent by 2022, 10 percent by 2023 before hiking it to 40 percent, according to the person and the records that have been reviewed. 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. New Delhi, however, is looking to push the new policy to boost the adoption of electric vehicles as it tries to bring down its oil imports and curb pollution so that it can meet its commitment as part of the 2015 Paris climate change agreement.