New Delhi: With improving technology, more vehicle options and increased availability of charging infrastructure in the near future, the business case of EV adoption in ride-hailing will only get stronger, said the report by the World Business Council for Sustainable Development (WBCSD).
With sustained business action from other ride-hailing companies and a supportive policy environment, EVs will soon enough start replacing ICE (Internal Combustion Engine) vehicles in the ride-hailing fleets and create major cost savings and carbon emission reductions, it said.
In order to achieve a high-level of EV adoption in the ride-hailing market, and beyond, some amount of government support will be required.
Some policy measures that governments could undertake to accelerate EV adoption in the ride-hailing market are – establishing a charging network for ride-hailing fleets, incentivising electric ride-hailing and facilitating EV financing, WBCSD added.
