EVs to cost same as petrol, diesel cars by ’24: Gadkari
Kolkata: Union minister of road, transport and highways (MoRTH) Nitin Gadkari said on Monday that by 2024 prices of electric vehicles (EV) will be the same as petrol and diesel cars, if not less.
“The cost of EVs is high because their number is less. But India is awaiting an EV revolution with 250 startup companies engaging in innovation of EV technology in the most cost-effective manner. Moreover, big auto manufacturers have also entered the competition to reduce the cost of EV manufacture,” he added at the FY21 annual general meeting (AGM) of the Indian Chamber of Commerce (ICC).
“If you are given a choice between a costly and polluting fossil fuel-run vehicle and a low maintenance, zero-emission EV, which would you opt for?” he asked when one member ICC asked whether MoRTH was phasing out internal combustion (IC) engine vehicles. “We are not stopping anything. We are only encouraging green vehicles and green fuels so that we fulfil our commitment in COP26, Glasgow this year,” he added.
