India Orders Uber and Rival Ola To Electrify 40% of Fleets By 2026

India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric cars. From a report: The government plans to order ride-hailing firms such as Uber and Ola, that operate hundreds of thousands of cars in the nation, to convert 40% of their fleets to electric by April 2026, Reuters reported today. As part of the push, Uber, Ola and other companies would need to show signs of progress towards the goal by the end of next year, the report claimed. It stated that the ride-hailing giants must convert 2.5% of their fleet of cars by 2021, 5% by 2022, and 10% by 2023. A source familiar with the matter corroborated Reuters' findings to TechCrunch. The move comes as New Delhi looks to cut reliance on oil imports and bring down air pollution to abide by its commitment as part of the 2015 Paris climate change treaty. In recent years, China has also ramped up similar efforts with even tougher EV sales targets matched with generous state-funded subsidies for consumers buying green vehicles.

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