Monday, May 23, 2022

Will the prices of petrol, diesel, and electric vehicles be equal in 2 years? Know how it is possible

Nitin Gadkari said in an event of the Indian Chamber of Commerce that if there is an electric revolution in India, then in two years the price of electric vehicles will be equal to the prices of petrol and diesel.

Electric vehicles are dominated in India as well as abroad, but in India, at present, only a few electric vehicles are visible on the roads. The biggest reason for this is the price of EVs, which are slightly higher than the prices of petrol-diesel vehicles. Talking about this, the Union Minister for Road Transport and Highways, Nitin Gadkari said that only one EV revolution is waiting to completely change this environment in India, after which electric vehicles will cost as much as petrol-diesel powered vehicles. Will happen. If this happens, the prices of petrol-diesel and electric vehicles can be equal in just 2 years.

Read More: Big News for 5 E-commerce companies including Amazon, Flipkart, they are not following this important rule

less number of electric vehicles

Speaking at an event of the Indian Chamber of Commerce organized virtually, Nitin Gadkari said, “The cost of electric vehicles is high because their number is less. But India is waiting for the EV revolution and more than 250 startups are constantly trying to bring affordable EV technology to India. After this, big automakers have also started bringing affordable electric vehicles and competition has started increasing. Soon India will become the largest market for EVs. The work to greatly improve the existing facilities and charging system for electric vehicles in the country will be done in the next 5 years.

Good signs for the market

Whether it is two-wheeler, three-wheeler or four-wheeler, the competition in electric vehicles seems to be increasing rapidly and this is a good sign for the market as well as a very good thing for us. More electric vehicles means less pollution and better health. For this, a lot of efforts are being made all over the world and in the COP26 summit, Prime Minister Narendra Modi has promised to make India a zero-carbon emission nation by 2070. Along with talking about EV, Gadkari has also given the emphasis on vehicle scrappage policy and its benefits.

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