Nikhil Dhaka, Vice President, Primus Partners, shares his view on the sharp decline in electric vehicle adoption among fleet operators. He highlights that many operators are struggling to make EVs financially viable. The financial pressures on all-electric ride-sharing firms like BluSmart could further impact manufacturers such as Tata Motors, which has a strong foothold in this space. He adds that the gap between targeted and actual EV deployments by fleet operators reflects deeper structural challenges in the sector. Factors such as high upfront costs, limited charging infrastructure, and evolving regulatory norms are forcing fleet owners to reassess their electrification strategies, slowing down the pace of new orders and deployments.