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EV Cost Will Be Comparable To Petrol Vehicles In 2 Years: Nitin Gadkari




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Union Minister Nitin Gadkari said the price of lithium-ion batteries would go down

Jalan Transport Minister Nitin Gadkari on Tuesday said rapid advances in technology and green fuels would reduce the cost of electric cars, making them on par with petrol vehicles over the next two years. Responding in the Lok Sabha on Grant Claims for the Ministry of Road Transport and Highways, 2022-23, Gadkari stressed the need to switch to cost-effective natural fuels and hoped these fuels would become a reality soon, reducing pollution levels and improving the overall situation in Delhi.

Also Read: Alternative Fuels, EV Sales Will Rise, Scenario Will Change In 5 Years, Says Gadkari

Urging MPs to adopt hydrogen technology for transportation, Gadkari asked them to take initiatives in their respective districts to convert wastewater to produce green hydrogen. Hydrogen will soon be the cheapest fuel alternative, he said.

Read Also: Gadkari Launches Pilot Study On Toyota Mirai Hydrogen Fuel Cell Electric Vehicles

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Gadkari stressed the need to switch to cost -effective natural fuels and hoped these fuels would become a reality soon.

“I can say in a maximum of two years, the cost of electric scooters, cars, autoricksahw will be the same as gasoline-powered scooters, cars, autorickshaws. The price of lithium-ion batteries is going down. We are developing this zinc-ion chemistry, aluminum-ion batteries, sodium-ion. If petrol, you spend Rs 100, then for electric vehicles you will spend Rs 10 (for use), “Gadkari said.

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(This story has not been edited by NDTV staff and is automatically generated from a syndicated feed.)

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