4-wheeler EV adoption to take time, to focus on two and three-wheelers: Ola
Expecting rapid adoption of four-wheeler electric vehicles at a mass scale to take time, ride-hailing firm Ola is betting big on two and three-wheelers for its electric mobility drive, according to a senior company official.
With lessons learnt from its experiment in Nagpur, where the company had partnered with Mahindra & Mahindra in 2017 for a multi-modal electric mass mobility project, Ola believes right now "four-wheelers are not yet ready" for such usage in India on a large scale.
Therefore, the company is now focussing on deploying 10,000 electric vehicles (EVs), a mix of two and three-wheelers, on Indian roads by the end of March 2020.
"The biggest lesson (from Nagpur) was that (electric) four-wheelers are not yet ready. It is going to take a couple of years for the math on four-wheelers to work," Ola Electric Mobility (OEM) co-founder Anand Shah told PTI.
He, however, said the company hasn't given up as it is confident that electrification is viable in the long run.
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