Nearly 100% of 2-wheeler market will shift to EVs in 3 yrs: Bhavish Agarwal

Plans to roll out electric two-wheelers in every segment in the next 12 months

Ola Electric will roll out its complete offering of electric scooters and motorcycles in each segment of the market — premium, mass premi¬um, and economical — in the next 12 months in a bid to push for a near-full conversion of the two-wheeler market to electric in three years.
 

According to Bhavish Aggarwal, founder and CEO of Ola Electric, “ICE (internal combustion engine) products will fall off a cliff”. He also says the company is aiming to become profitable next year.
 

In the passenger car segment, while its top-end first model will hit the market in 2024, the company plans