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Electric vehicles will be sold at the same rate as petrol vehicles in next two years: Nitin Gadkari

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If you are looking to buy an electric vehicle and are holding back because of the price, then this is important news for you. Union Transport and Highways Minister Nitin Gadkari has claimed that the price of petrol and electric vehicles will be equal in the next two years. He says that after two years petrol and electric vehicles will start selling at the same price. Speaking in a webinar organized by the organization named Sustainability Foundation, Nitin Gadkari said that the GST on electric vehicles is only 5 percent, while on petrol vehicles it is much higher.

He said that Lithium batteries are costing the most in electric vehicles. Will try to reduce it soon. If this happens, the prices will come down and electric vehicles will also be available at the same rate as petrol vehicles. The Union Minister said that 81 percent of the total requirement of lithium batteries is being produced locally. He said that research is also being done on its alternative and soon any improvement will be seen in this direction. He said that it is my dream that India should become a hub of electric vehicles. That’s why I have invited Mercedes and BMW.

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Charging points are being built along the roads

Nitin Gadkari said that we have taken the lead in the case of two wheelers. Companies like Bajaj and Hero of India are also exporting their electric two wheelers. On the question of shortage of charging points for electric vehicles, he said that in the next two years, their number will be increased across the country. He said that at present, the work of setting up charging points at 350 places along the road and in the market areas is going on. Apart from this, permission is also being given to petrol pumps to set up charging points for electric vehicles.

Gadkari said, his ‘Plan 2030’ for electric vehicles

He said that there are also a large number of people in India who have their points for charging electric vehicles. Nitin Gadkari said that the electric vehicle industry is growing rapidly in the country and due to the reduction in prices, its usage will increase in the coming days. He said that our target is that by 2030, 30 percent of private cars, up to 70 percent of commercial cars and 40 percent of buses should be electric.

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