Mr Gadkari, allowing driverless cars will generate more high-paying jobs
Autonomous vehicles are the logical next step for cab aggregators like Ola and Uber LATEST NEWS : Nagpur, the home town of Union Transport Minister Nitin Gadkari , is now a laboratory to test electric vehicles for public transport in India. Cab aggregator Ola is testing a model that uses electric auto rickshaws, cars, and buses to make adoption of electric vehicles for mass transport viable. If the Nagpur experiment succeeds, Ola will execute the promise by its investor, Japanese internet firm Softbank, of running over a million electric vehicles across India. This vision requires massive investments in cars, buses, and the charging infrastructure. In addition, investments are also required in batteries, which India currently imports. Both Ola and Uber have an asset-light model — they don't own the cars that run on their platforms. Instead, the cars are leased by the drivers, who repay the loans, spend on maintaining the cars, and then earn enough to fend ...