Ola CEO Bhavish Aggarwal believes India’s scooter market can switch to an all-electric market by 2025

India has been experiencing a rapid growth in the adoption of electric vehicles (EVs) in the recent years, with the government taking several initiatives to promote clean mobility. The electric two-wheeler market, in particular, has seen a surge in demand due to factors such as rising fuel prices, growing awareness about environmental issues, and government incentives.

In this context, Ola CEO Bhavish Aggarwal believes that India’s scooter market can switch to an all-electric market by 2025.

In an exclusive interview with CNBC-TV18, Aggarwal expressed his vision of making all two-wheelers in India electric by the end of 2025. He believes that to “truly take the EV revolution to humanity scale, it needs to be done for India.” According to Aggarwal, India is a great microcosm for the rest of the world, given its vast population, diverse geography, and challenging infrastructure.

“It is a little aggressive, but that’s what we are striving for. And to make that happen, we need to build the right products for India at the right cost structures, and bring the supply chains to India,” Bhavish told CNBC-TV18.

Aggarwal’s company, Ola Electric, has been at the forefront of the EV revolution in India. As he pointed out in the interview, Ola Electric is currently India’s No. 1 EV company by revenue, bigger than even four-wheeler EV companies. The company has already launched its electric scooter, the Ola S1, which has received an overwhelming response from customers. The Ola S1 comes with several advanced features such as a range of up to 121 km on a single charge, fast charging, app-based connectivity, and a lightweight design.

Aggarwal’s vision of making all two-wheelers in India electric by 2025 is not only ambitious but also achievable. With the government providing various incentives such as subsidies, tax exemptions, and charging infrastructure, the EV market in India has the potential to grow rapidly. Moreover, the cost of EVs is expected to come down in the coming years, making them more affordable for the average consumer.