Uber, Ola might have to go electric by 2026 in India: Report

• Indian government will soon direct Ola, Uber to convert 40% of their fleet to electric vehicles by 2026, says a report.
• Ola has already taken the lead in the electric vehicle segment in India.
• Uber has reportedly been experimenting with electric bikes in India.

The Indian government is clearly not taking its Electric Vehicle mission lightly. The government has reportedly ordered ride-hailing giants Uber and Ola to convert 40% of their fleet to electric cars by 2026, according to a $4

The report said that for both the companies to achieve this target, they will have to begin the conversion process by next year itself – “would need to start converting their fleet as early as next year to achieve 2.5% electrification by 2021, 5% by 2022, 10% by 2023 before hiking it to 40%,” the report said.

Ola might take to this deadline much easily. It has already taken the lead in the electric vehicle segment. The homegrown unicorn has a company under the name Ola Electric Mobility which develops solutions to make electric mobility viable on a large scale. Ola plans to bring 1 million Electric Vehicles on to the Indian roads by 2021.

The company has also been raising funds at a quick pace. So far, it has brought in investors like Ratan Tata and Arun Sarin, along with Tiger Global and Matrix India – all of whom are early investors in the parent company ANI Technologies.

Meanwhile, Uber too is $4 experimenting with electric bicycles and bikes in India. The global giant has partnered with Bengaluru-based bicycle sharing platform Yulu bikes.

Globally, Uber had acquired bike sharing startup Jump and had already launched its e-bike services in the US and UK.

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