A manufacturer of electric vehicles (EVs) has announced the debut of its EV project built on the Cardano (ADA) network, set to launch in Sri Lanka.
The Sri Lanka deployment of eTukTuk, the first-ever automotive project created on Cardano, was announced at the World Economic Forum (WEF) taking place in Davos, Switzerland.
The eTukTuk project aims to address the infrastructure and cost issues that have previously prevented the launch of EVs at scale by building an innovative, sustainable, and “dynamic, multi-revenue model” that would incentivize the expansion of eTukTuk’s network of charging stations and EVs through Cardano.
The eTukTuk team will be working with influential industry partners and the local government in Sri Lanka, where there are currently 1.2 million traditional internal combustion engine (ICE) TukTuks on the roads.
The project aims to reduce air pollution and provide infrastructure and an “affordable transportation network that severs the ties that bind us to fossil fuels.”
Cardano’s developers are also working on advancing the ecosystem, including the deployment of the first-ever smart contract written in Eopsin, a Pythonic programming language, and an upgrade planned for February that will introduce new built-in functions to the Plutus smart contracts with an aim “to make it easier for developers to build cross-chain apps.”