EV prices to be on par with cost of petrol vehicles within a year: Gadkari

The prices of all electric vehicles (EVs) will be equal to the cost of petrol vehicles in the country within one year, Road Transport and Highways Minister Nitin Gadkari said on Friday.

Mr. Gadkari further said the government is promoting ethanol produced from crop residue instead of petrol and diesel.

“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 at an event.

The Minister said the government is already promoting green fuels in a big way.

Mr. Gadkari noted that waterways are a cheaper mode of transportation than road and it is going to come up in a big way.