Ride into the Future: Uber to Roll Out Electric Vehicles in India Amid Clean-Energy Drive

Uber Technologies, Inc UBER eyes the launch of 25,000 electric vehicles in India to tap the country's clean-energy drive to expand its local presence.
The ride-hailing firm collaborated with local fleet operators like Lithium Urban Technologies Pvt, Everest Fleet Pvt, and Nigeria-based Moove Ltd. to get EVs on the country's roads, Bloomberg cites Prabhjeet Singh, president of Uber's India operations at an event in New Delhi Wednesday.
Singh said Uber would launch EV Uber Green in June in Mumbai, Bengaluru, and Delhi.
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He said that startup Zypp Electric will supply 10,000 electric scooters to Uber for India by 2024.
Ride-hailing electric vehicles proved costlier than internal combustion engines due to the scarcity of chargers, according to BloombergNEF, and the price consciousness of Indian consumers deterred them from buying personal battery-powered cars in the past.
Price Action: UBER shares traded lower by 0.65% at $38.40 premarket on the last check Wednesday.
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