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Cost of Electric Vehicles to Be at Par With Petrol Run Cars in 2 Years: Nitin Gadkari

Cost of Electric Vehicles to Be at Par With Petrol-Run Cars in 2 Years: Nitin Gadkari

Hydrogen will soon be the cheapest fuel alternative, Gadkari said.

By Press Trust of India | Updated: 22 March 2022 18:11 IST

Cost of Electric Vehicles to Be at Par With Petrol-Run Cars in 2 Years: Nitin Gadkari

Photo Credit: Unsplash/ Michael Fousert

Union Minister Nitin Gadkari said zinc-ion, aluminium-ion, sodium-ion batteries were being developed

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Highlights

Union Minister Nitin Gadkari said Li-ion battery prices are coming down
The government is also said to be working on new battery technology
MPs have been urged to adopt hydrogen technologies for transport

Road Transport Minister Nitin Gadkari on Tuesday said rapid strides in technology and green fuel will reduce the cost of electric automobiles, bringing them at par with petrol-run vehicles in the next two years.

Replying in the Lok Sabha on the Demands for Grants for Road Transport and Highways Ministry, 2022-23, Gadkari emphasised the need to shift to cost-effective indigenous fuel and hoped that this fuel will be a reality soon, bringing the pollution levels down and improving the overall situation in Delhi.

Urging MPs to adopt hydrogen technologies for transport, Gadkari asked them to take initiative in their respective districts for converting sewage water to produce green hydrogen.

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Hydrogen will soon be the cheapest fuel alternative, he said.

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"I can say within maximum two years, the cost of electric scooter, car, autorickshaw will be same as petrol-driven scooter, car, autorickshaw. Prices of lithium-ion battery are coming down. We are developing this chemistry of zinc-ion, aluminium-ion, sodium-ion batteries. If petrol, you are spending Rs. 100, then on electric vehicle you will spend Rs. 10 (for using)," Gadkari said.

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