EVs to cost same as petrol-run vehicles in two years: Nitin Gadkari

EV sales in India rose 162 per cent in the last year, said MoRTH last week, citing the latest available data.

Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that rapid strides in green fuel technology will reduce the cost of electric vehicles (EVs), bringing them on a par with petrol-run vehicles in two years' time.

In his reply to a discussion on the Ministry of Road Transport and Highways' (MoRTH) additional demand for grants, the minister hailed the rise in EV sales, adding that the future will be led by alternative fuels derived from renewable energy sources, such as electric, green hydrogen, and ethanol.

EV sales in India rose 162 per cent in the last year, said MoRTH