Tuesday 20 November 2018

Ola to soon showcase its own concept three-wheeler electric vehicle

The company, according to sources, could manufacture the electric vehicle on its own, or get into an arrangement where it has a complete control over the process of manufacturing the vehicle
Ola
BS- Bhavish Aggarwal-led home-grown cab aggregator Ola is set to showcase its concept three-wheeler electric vehicle, based on feedback from its multi-modal electric-vehicle project on the Ola platform in Nagpur. The company has already started talks with a bevy of potential vendors who could supply the components, the most important of which is the lithium battery from across the world to roll out a commercial model. The battery, according to experts, accounts for over 50 per cent of the vehicle cost.
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According to sources, Ola could be open to manufacturing the electric vehicle on its own as an option or get into an arrangement where it has complete control of the process of manufacturing the vehicle. A final decision on the commercialisation aspect for the vehicle, however, has still to be taken. Ola’s multi-modal project, in which electric cars, autos, buses and e-rickshaws ran in tandem in Nagpur, with a mileage of over 5 million kilometres, offered the company valuable data insights on the challenges of building a e-vehicle ground-up for Indian markets. When contact, a spokesperson for Ola declined to comment on the proposed showcasing of the electric vehicle.|Ola Three Wheeler
The EV space has become more attractive lately, with changes to the country’s enabling policy for such vehicles. Now, permits required for commercial use of such vehicles has been scrapped. This will go a long way in reducing the total cost of acquiring a vehicle. Earlier, the limited number permits that were issued were sometimes sold in the black market. Also, with the government now planning to permit individuals to run their own electric-vehicle charging stations, there will soon be an ecosystem for the proliferation of such EV infrastructure.

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