India E-Rickshaw and On-Demand Ride Hailing Market Report 2020-2030 Featuring Ola Electric Mobility, Smarte, Oye! Rickshaw, Sheru, e-Yana, Mauto Electric Mobility
Dublin, Nov. 16, 2020 (GLOBE NEWSWIRE) — The “India E-Rickshaw and On-Demand Ride Hailing Market – In-Depth Analysis of Industry Sizing and Dynamics till 2030” report has been added to ResearchAndMarkets.com’s offering.
With the rising environmental degradation and the deteriorating air quality levels in the major cities and towns, the government at both the state and central levels in India are focusing on promoting the deployment of eco-friendly modes of transportation such as electric rickshaws (e-rickshaws). As a result, there has been a sharp surge in the enactment of strict environment protection laws in the country. These laws are aimed at reducing the usage of fossil fuel-powered vehicles.
In recent years, several projects have been launched by the regulatory authorities for mitigating the pollution levels in the country. For example, in order to provide a convenient mobility option to commuters and improve the last-mile connectivity from metro stations, the Delhi Metro Rail Corporation (DMRC) officially started the first E-Rickshaw service in June 2017. Furthermore, the DMRC in partnership with SmartE launched the extension of its e-rickshaw services to as many as 12 metro stations.
The increasing operations of various transportation network companies (TNC) …