ETV Bharat / business

EV Prices To Match That Of Petrol Vehicles In 4 To 6 Months: Gadkari

While addressing a Summit, Nitin Gadkari said that within five years, our target is to make India's automobile industry the number 1 in the world.

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari on Monday said the prices of electric vehicles (EVs) in India are expected to be on par with those of petrol-powered vehicles within the next four to six months. The minister said India's dependence on fossil fuels is both an economic burden, as Rs 22 lakh crore is spent annually on fuel imports and an environmental hazard, making clean energy adoption crucial for the country's progress.

"Within the next 4-6 months, the cost of electric vehicles will be equivalent to the cost

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