Courier Company Blue Dart To Expand EV Fleet

Courier Company Blue Dart To Expand EV Fleet

Courier and package distribution company Blue Dart has announced it will be expanding its EV fleet in order to cut down emissions.

Balfour Manuel, Managing Director, Blue Dart, said, “Blue Dart is driving sustainable logistics in India, paving the path towards a greener future. By integrating electric vehicles into our fleet, we are poised to significantly reduce our carbon footprint and contribute meaningfully to environmental conservation. Our transition to a green fleet demonstrates Blue Dart’s commitment to carbon neutrality and sustainable growth.”

The company claims that the integration of electric cars into the Blue Dart fleet is likely to bring significant environmental benefits, with CO2 emissions reduced by around 15.05 tons per month.

The company’s sustainability agenda highlights initiatives such as planting more than 111,000 trees each year. The measure is projected to offset more than 13,320 tons of carbon dioxide emissions per year when those trees reach maturity.

Last month, the National Stock Exchange of India (NSE’s) index services subsidiary, NSE Indices Limited recently launched a new thematic index the Nifty electric vehicle (EV) and automotive index. The nifty vehicle (EV) automotive index aims to track the performance of companies that form a part of the EV ecosystem.

The global electric vehicle (EV) market size is estimated to grow by USD 343.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 13.51% during the forecast period. The rise in concern over emissions from fossil fuel vehicles has spurred a surge in demand for low-emission and fuel-efficient vehicles worldwide. This shift is primarily driven by escalating fuel prices and geopolitical tensions affecting oil exports. As a result, consumers are increasingly turning towards electric vehicles (EVs) to enhance energy security, cut fuel costs, and mitigate air pollution-related health issues.

International Energy Agency (IEA) in its ‘Global EV Outlook’ report found a rise in the global share of the three-wheeler (3W) market by 13% in 2023 to reach 4.5 million sales. The report found three-wheeler electric vehicles composed a 21% share compared to 18% in 2022. IEA report estimated that almost 1 million electric three-wheelers (3Ws) were sold in 2023, reflecting 30% growth compared to 2022. It found the market to be highly concentrated, within China and India which together accounted for more than 95% of all-electric and 80% of conventional 3W sales.