During this year, electric cars have finally pushed forward. Every normal mode of transportation, including buses and taxis, are all converting to electric. Even Ola, a cab aggregate, declared their focus on electric by changing over 10,000 of their rickshaws to electric in the next year.
Zoomcar, in collaboration with Mahindra & Mahindra, recently launched a fleet of electric vehicles. Online bus aggregator ZipGo also recently announced they have raised Rs 300 crore (approximately 41M USD) and said they would use the funds to transition its fleet to electric vehicles. ZipGo isn’t the first to bet on electric vehicles, and it won’t be the last.
There is also Ather Energy, which started operations in 2013. The company has been backed by the likes of Tiger Global, and it launched its electric two-wheelers earlier this year. After Reva, there is Chetan Maini’s Sun Mobility, which taps solar energy into batteries to power an electric vehicle.
As part of its electric mobility plan, the Centre is targeting the conversion of 30 percent of the country’s total vehicle fleet to electric vehicles by 2030. It has also decided to offer a direct subsidy for each electric car while extending benefits to those purchasing other EVs such as two-and three-wheelers. The government’s push towards electric vehicles is adding to newer players entering the space.
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