Blockchain News

Cardano (ADA) launches its first electric car ‘eTukTuk’ project in Sri Lanka

Cardano, a provider of ADA, announced on the 19th that it would launch an eTukTuk (electric tuk-tuk) operation in Sri Lanka. On the 23rd, Coinpost reported on this.

The initiative is built with incentives to gain from network expansion, in addition to constructing eTukTuk charging stations using Cardano’s blockchain.

eTukTuk has a framework that compensates corresponding drivers, passengers, and other “network players,” and the compensation increases as eTukTuk’s charging infrastructure is used and extended. Driver error is anticipated to increase by up to four times in Sri Lanka, where income levels are low.

Even in locations where electric vehicle (EV) infrastructure is not maintained, it intends to address issues such as air pollution and economic imbalance by assisting the transition away from fossil fuels.

The eTukTuk, according to the project formula, generates zero carbon and creates no noise, making it safer than a traditional TokTok. Drivers will also save a lot of money on petrol and maintenance.

eTukTuk concentrated on the emerging market, which accounts for 63% of global CO2 emissions, and began operations in Sri Lanka initially.

There are currently 1.2 million tuk-tuks (three-wheeled vehicles) with conventional engines in Sri Lanka, with 70% concentrated in the capital, Colombo. These vehicles are inefficient in terms of energy use and emit a lot of CO2.


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