In a significant announcement for the Indian automobile sector, Union Road Transport and Highways Minister Nitin Gadkari stated that electric vehicles (EVs) will be priced on par with petrol and diesel vehicles within six months. This milestone will mark a major shift in vehicle affordability and sustainability in India.
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Why This Matters
Electric vehicles have traditionally been more expensive upfront compared to petrol and diesel models, largely due to costly battery technology. However, Gadkari highlighted that improvements in battery tech and increased domestic production are driving EV prices down. This aligns with the government’s vision of promoting import substitution, cost-effectiveness, pollution-free, and indigenous production.
Cost Comparison: How EVs Stack Up
| Vehicle Type | Price Trend | Running Cost (₹/km) | Comments |
|---|---|---|---|
| Petrol Vehicles | Stable/Increasing | ₹5-7 | Fuel costs rising, regulatory compliance adds cost |
| Diesel Vehicles | Stable/Increasing | ₹5-7 | Similar to petrol but with diesel fuel |
| Electric Vehicles | Declining, near parity in 6 months | ₹1 | Cheaper to run, lower maintenance costs |
Gadkari also emphasized that the long-term savings on EV running costs (about ₹1/km) compared to petrol or diesel vehicles (₹5-7/km) make EVs more economical despite initial price differences.
Supporting India’s Economic and Environmental Future
The minister reiterated the government’s commitment to smart cities, smart transport, and infrastructure improvements that will further support EV adoption and reduce logistics costs. Encouraging innovation and technology is critical to reducing construction and production costs, making EVs accessible to the masses.
Also Watch:
- For the latest updates and insights on electric vehicles and automotive trends, visit India EV News.
- For official government policies and initiatives on EVs, refer to the Ministry of Road Transport and Highways.
EV adoption is poised to accelerate, making sustainable transportation a mainstream reality in India, supported by policy, innovation, and growing consumer preference. The countdown to price parity is on!
