Summary:
Union Minister of Road Transport & Highways, Mr. Nitin Gadkari, expressed confidence that India is on track to becoming the world’s largest electric vehicle (EV) manufacturer within the next five years. He attributed this anticipated growth to rapid technological advancements and the increasing domestic production of EVs. Emphasizing the importance of sustainability, he highlighted that reducing reliance on fossil fuels is not only environmentally essential but also economically advantageous. He further outlined the government’s proactive approach in fostering green mobility through targeted policies, incentives and subsidies aimed at accelerating EV adoption and infrastructure expansion.
The minister also pointed out that India’s EV industry is experiencing significant investment and innovation, strengthening its position in the global automotive landscape. He emphasized that declining costs of lithium-ion batteries and a boost in local manufacturing will make EVs more accessible and affordable for consumers. Additionally, he reiterated the government's focus on promoting alternative fuels, including ethanol, hydrogen and biofuels, as part of a broader strategy for sustainable transportation. With strong policy backing and active industry collaboration, India is striving to lead the worldwide shift towards clean mobility while reducing import dependence and enhancing energy security.
Source: IBEF
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