New Delhi: With the cost of developing and operating electric vehicles (EVs) expected to decline substantially with a drop in prices of lithium-ion batteries, India is likely to become a leading hub for manufacturing EVs and EV components, said Nitin Gadkari, the Union minister for road transport, highways and MSMEs, at an event hosted by Amazon on Sunday.
The Union government is also focusing on other alternative technologies, such as hydrogen fuel cell-driven EVs, besides announcing a scrappage scheme to help boost manufacturing of EVs for exports, Gadkari added.
The Narendra Modi administration has urged vehicle manufacturers to increase local production of EVs to increase the number of zero-emission vehicles plying on Indian roads, curb vehicular pollution and reduce the country’s dependence on crude oil imports.
