Union Minister of Road Transport & Highways and MSME has urged the automobile sector to cut prices of Electric Vehicles (EVs) for increasing sales. He said that the said that the government is working towards making India a global automobile manufacturing hub in the next five years.
During the virtual ‘Electric Mobility Conference 2020’, organized by FICCI Karnataka State Council, Gadkari said, “The future is very bright and India has the potential to become the largest electric vehicle market in the world as the government continues to push for EV adoption.” He also added that the government is already making policies to provide the requisite support to the industry.
The Union Minister highlighted that how the automobile industry has the ability able to cater to a growing market with higher output as the Indian manufacturers have the capability to make efficient EVs that can not only create more jobs but also provide opportunities for exports. He further said that e-Mobility is going to be the future mode of transport with greater efficiency and less impact on the environment. Import of crude oil and air pollution are two major concerns for the country.
He has also requested EV makers to decentralize their supply chains and has asked companies to focus on procuring raw materials and production of battery cells locally on a continued basis. “E-Mobility is going to be the future mode of transport with greater efficiency and less impact on the environment. Import of crude oil and air pollution are two major concerns for the country. We need to have an integrated approach for EVs,” he stated. He has also urged FICCI and other stakeholders to come up with a cohesive approach towards evolving the EV sector in the country. The Minister also said that India needs a minimum of 10GWs per hour of cells by 2022, which will further be expanded to 50GWS in 2025.
During the virtual conference, he emphasized, “We need to encourage the manufacturing of these cells in India. I urge the industry to think about manufacturing e-batteries in the country. We need to have a policy that promotes cost-effectiveness, and substitute import, pollution-free and indigenous.” He also spoke about promoting the use of bio fuels like CNG, LNG and explicated that he will soon that launch tractors run on Bio-CNG.