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Govt working on steps to push electric vehicle sales, says Nitin Gadkari

The Road Transport and Highways minister observed that due to technological development, the cost of electric vehicles will drop in India

Nitin Gadkari  | Electric Vehicles | indian government

Press Trust of India  |  New Delhi 

Union Minister Nitin Gadkari at Parliament, during the Budget Session in New Delhi
Union Minister Nitin Gadkari

The government is working on measures to increase the sales of and in the next two years the cost of EVs in India will drop to the level of petrol vehicles, Union minister said on Wednesday.

Addressing virtually 'Times Now Summit', Gadkari further said that to reduce import of fossil fuel, the government is encouraging use of alternate fuel like ethanol, CNG.

"We import 80 per cent plus of our petrol and diesel requirements. We import petrol and diesel worth Rs 8 lakh crore. If we will continue to depend on fossil fuels then in the next five years, our import bill will rise to Rs 25 lakh crore," he said.

The Road Transport and Highways minister observed that due to technological development, the cost of will drop in India.

"We are working to increase sales and in the next two years, your vehicle will be electric," Gadkari said.

The minister said that if fuel cost of a petrol vehicle per month is Rs 12,000-15,000, then in case of electric vehicle, it will be Rs 2,000.

"And in the next two years, the cost of electric vehicles in India will drop to the level of petrol vehicles," he said.

With an aim to promote eco-friendly vehicles, the government had launched the FAME India scheme (Faster Adoption and Manufacturing of (Strong) Hybrid and Electric Vehicles in India) in 2015.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, November 10 2021. 21:10 IST