To dive deeper, check out the complete article from original source:
https://droomdroom.com/headline-electric-car-tokenization-platform-fuelev-aims-to-be-the-worlds-largest-community-owned-electric-vehicle-fleet/
🌍 FuelEV: Revolutionizing EV Ownership through Tokenization
FuelEV aims to create the world’s largest community-owned electric vehicle (EV) fleet by leveraging the Internet Computer Protocol (ICP). 🌐 This innovative platform tokenizes city-based EV fleets, allowing investors to co-own vehicles and earn revenue from car rentals, ridesharing, and future robotaxi services.
How it Works
FuelEV divides fleets into city networks, starting with Mumbai, a rapidly growing car rental market. Investors can buy into these networks using Fuel tokens, benefiting from multiple revenue streams.
🔗 Why ICP?
ICP ensures sub-2-second transaction finality, zero gas fees, and efficient data storage ($5/GB annually). Its advanced architecture powers FuelEV’s smart contract wallets, booking platforms, and tokenization systems, all while offering Web2-like ease of use through Internet Identity.
🤖 Future of Mobility
FuelEV aims to eliminate individual car ownership, replacing it with community-owned fleets. Retrofitted vehicles with AI-driven dashcams will gather valuable data to enhance autonomous driving and generate revenue through paid APIs for robotaxi operators.
💡 Key Highlights
First vehicle (MG ZS EV) launched, with strong booking demand in Mumbai.
ICP’s robust ecosystem enables high performance and scalability.
Fuel tokens incentivize participation and unlock ecosystem perks.
With global EV adoption accelerating (1 in 5 vehicles sold is electric), FuelEV is positioned to drive the mobility revolution while empowering communities. 🚀
