EVs to be priced at par with petrol, diesel cars by 2024: Gadkari

Gadkari also emphasized on ethanol production and its use. He said that we are now thinking of using 50% ethanol in aviation fuel.

Gadkari also emphasized on ethanol production and its use. He said that we are now thinking of using 50% ethanol in aviation fuel

Electric vehicles are attracting a lot of people in recent times due to the increase in the prices of petrol and diesel. In such a situation, Union Transport and Highways Minister Nitin Gadkari said on Monday that by 2024, the prices of electric vehicles (EV) will be at par with petrol and diesel cars. Gadkari said at the Annual General Meeting (AGM) of the Indian Chamber of Commerce (ICC), the cost of EVs is high as the number of people investing in EVs is less, but India is waiting to become an EV manufacturing hub, In which 250 startup companies will help in making EVs.

green fuel promotion

According to the Times of India news, Gadkari said that even big auto manufacturers have offered to reduce the cost of EV manufacturing. During this meeting an ICC member asked Gadkari that if you were given a choice between an expensive and polluting fuel-powered vehicle and low-maintenance, zero-emission electric vehicles, which one would you choose? To this, Gadkari said, we are promoting only green fuel so that we can fulfill our commitment this year at COP26, Glasgow.

EV trucks and tractors also expected to arrive soon

Gadkari also said that EV trucks and EV tractors are also expected to hit the Indian roads soon. The National Highways Authority of India (NHAI) is working hard to encourage and facilitate EV proliferation. It is expected that in the next two years, there will be many charging points across India. With 38% of the national grid now solar power, we are moving towards green mobility across the country.

We are also thinking of using ethanol in aviation fuel: Gadkari

Gadkari also emphasized on ethanol production and its use. He said that we are now thinking of using 50% ethanol in aviation fuel. Brazil has done this successfully. We produce so much rice that we can feed the world. If we can produce ethanol from rice waste, then farmers will be benefitted a lot. All major brands in Brazil, the US and Canada are now manufacturing ‘flex-fuel’ vehicles.

We are placing maximum emphasis on diversification of our energy sector. Apart from this, there is a lot of potential in EV, Bio-LNG, Green Hydrogen, CNG and Bio-ethanol. I request the industry people to invest more and more in the clean technologies of the future.

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