Good news for electric car buyers! Nitin Gadkari made this big announcement

Union Road Transport and Highways Minister Nitin Gadkari said that the price of electric and petrol vehicles will become one in the next two years. Gadkari says that soon a revolution is going to come in this area.

Addressing the annual session of the Indian Chamber of Commerce and FY21 AGM, Gadkari said, “Within two years, the cost of electric vehicles will come down to a level that will be at par with their petrol variants.” Working to expand the facilities. Gadkari further said, “We are setting up 600 EV charging points on major highways by 2023. The government also wants to ensure that the charging stations are powered by renewable sources like solar or wind power.

Gadkari said that the cost of EVs is high as their number is less. He said that India is looking forward to the EV revolution, with 250 startup businesses engaged in manufacturing cost-effective EV technology. In addition, major automakers have joined forces in trying to cut the cost of EV production. The GST on electric vehicles is only 5% and the cost of lithium-ion batteries is also coming down.

Gadkari said, “The price of a petrol car is Rs 10 per kilometer, the cost of diesel is Rs 7 per kilometer and the cost of electricity is only Re 1 per kilometer.”