Industry

Electric vehicles in India to cost as much as petrol vehicles within a year, says Nitin Gadkari

Union Minister Nitin Gadkari at the launch of the hydrogen-based advanced Fuel Cell Electric Vehicle (FCEV) Toyota Mirai in New Delhi

Union Minister Nitin Gadkari at the launch of the hydrogen-based advanced Fuel Cell Electric Vehicle (FCEV) Toyota Mirai in New Delhi | Photo Credit: Kamal Narang for Businessline

The prices of all electric vehicles (EVs) will be equal to the cost of petrol vehicles in the country within one year, Road Transport and Highways Minister Nitin Gadkari said on Friday.

Mr. Gadkari further said the government is promoting ethanol produced from crop residue instead of petrol and diesel.

"I am trying... within one year, the cost of electric vehicles will be equivalent to the cost of petrol vehicles in the country and we will save money spent on fossil fuels," Mr. Gadkari said at an event.

The minister said the government is already promoting green fuels in a big way.

Mr. Gadkari noted that waterways us a cheaper mode of transportation than road and it is going to come up in a big way.


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Printable version | Jun 17, 2022 10:19:45 pm | https://www.thehindu.com/business/Industry/ev-cost-same-petrol-vehicles-1-year-gadkari-pti/article65536600.ece