Electric cars in India will cost the same as petrol vehicles within a year: Transport Minister Nitin Gadkari

Highlights

• Electric vehicles may become as affordable as petrol vehicles in the country within one year.
• The government is promoting ethanol created from crop residue as a substitute for petrol and diesel.
• The government is already heavily promoting green fuels.

Minister for Road Transport and Highways Nitin Gadkari said on Friday that all electric cars (EVs) in India would cost the same as petrol automobiles within a year. Further, the government is promoting ethanol created from crop residue as a substitute for petrol and diesel, stated Mr Gadkari.

According to the minister, the government is already heavily promoting green fuels. Mr Gadkari also added, “Waterways are a less expensive form of transportation than roads, and they are expected to grow rapidly.”

“I am trying…within one year, the cost of electric vehicles will be equivalent to the cost of petrol vehicles in the country and we will save money spent on fossil fuels,” he said while addressing ‘TV9 What India Think Today Global Summit’.

Government subsidy on EVs

This announcement comes on the lines of the government issuing state-wise subsidies for two-wheelers EVs. Among all states, Delhi offers the highest subsidy of Rs 30,000 and second in line is Maharashtra with Rs 25,000 subsidy. Gujarat, Assam, and West Bengal offer a max Rs 20,000 subsidy, while Rajasthan and Odisha offer Rs 10,000 and Rs 5,000 subsidies, respectively. Unfortunately, Uttar Pradesh, Kerala, Tamil Nadu, Telangana, Madhya Pradesh, and Andhra Pradesh does not offer any subsidy. 

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In a separate announcement, Union Minister Nitin Gadkari also said that a person who sends a photograph of an illegally parked vehicle might soon be eligible for a prize of Rs 500 if the penalty totals Rs 1,000.

I am going to bring a law under which a person sending photographs of a wrongly parked vehicle will get Rs 500 if the total fine works out to be Rs 1,000. Then the problem of parking will be solved,” he said.

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