Nitin Gadkari says India has potential to emerge as global hub for EV
Union Minister Nitin Gadkari asked automobile manufacturers to reduce cost and forego profit initially to capture market and fuel growth. India has full of potential to emerge as a global hub for electric vehicles by 2025.
The Road Transport Minister said that once the market is picking up they will not look back, there is no chance to stop. He promised the manufacturers to support the initiative of cutting down the import costs of crude oils and reducing pollution levels in the country.
The minister said he is scheduled to make an hour-long presentation on EVs before the Chief Justice of India post-Diwali. He was addressing a virtual “Electric Mobility Conference 2020, The Spark Revolution in India” by industry body Ficci.
“E-mobility is going to be the future mode of economic transport. There is economic viability for manufacturers, but presently they are not in a mood to reduce cost. Reducing cost may result in some losses initially, but will bring great benefits. As a marketing strategy you have to reduce the cost to get numbers,” Gadkari said.
India has the potential to become the largest EV producer in the world in the next five years he said. “Now is the time to harbour the ambition to become number one the raw material is available, power rates are reducing you have a win-win situation.”
Apart from this, the Union Environment Minister Prakash Javadekar wrote to Delhi Minister Arvind Kejriwal requesting him to avail the financial support given for this purpose by the Centre and expedite deployment of electric buses in the city as sanctioned to Delhi Transport Corporation (DTC).
Javadekar said that DTC did not issue supply order for 300 electric buses till the deadline of January 15.
He said the Centre as a special case for Delhi, had extended the last date for placement of order to December 31 and requested Kejriwal to utilise the opportunity.
If you are an EV manufacturer or EV Dealer or EV Supporter who want to share news related to electric vehicles on our website, please send an email to [email protected]