Uber Technologies Inc. is planning to launch 25,000 electric vehicles in India, taking advantage of the country’s clean-energy push to expand its local presence.
(Bloomberg) — Uber Technologies Inc. is planning to launch 25,000 electric vehicles in India, taking advantage of the country’s clean-energy push to expand its local presence.
The ride-sharing company is teaming up with local fleet operators such as Lithium Urban Technologies Pvt, Everest Fleet Pvt and Nigeria-based Moove Ltd. to get EVs on the country’s roads, Prabhjeet Singh, president of Uber’s India operations, said at an event in New Delhi Wednesday.
Adoption of EVs in the ride-hailing market could be a bright spot for India, which has been slower to electrify private passenger transport than other parts of the world. It may also help Prime Minister Narendra Modi reach his goal of making the world’s most-populous nation net-carbon zero by 2070.
For Uber, the lack of charging stations in India will be a hurdle, however.
Ride-hailing electric vehicles become more expensive than internal combustion engine ones when there is a scarcity of chargers, according to BloombergNEF, and Indian consumers are known to be price conscious, a factor that’s deterred them from buying personal battery-powered cars in the past.
Singh said Uber will launch EV Uber Green in June in Mumbai, Bengaluru and Delhi.
Separately, startup Zypp Electric will supply 10,000 electric scooters to Uber to be deployed in India by 2024, he said.
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