Home / News / India /  EV prices to tally with petrol vehicles' cost within a year: Nitin Gadkari
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Union Transport and Highways Minister Nitin Gadkari on 17 June said the prices of all electric vehicles (EVs) will be equal to the cost of petrol vehicles in the country within one year.

As an alternative to petrol and diesel, the government is promoting ethanol produced from crop residue, he added.

"I am trying...within one year, the cost of electric vehicles will be equivalent to the cost of petrol vehicles in the country and we will save money spent on fossil fuels," Gadkari said while addressing 'TV9 What India Think Today Global Summit'.

ALSO READ: Nitin Gadkari calls upon Bajaj to start scooter-auto run on 100% ethanol in Pune. Read here

Further, he added that the government is already promoting green fuels in a big way.

The Minister noted waterways us a cheaper mode of transportation than road and it is going to come up in a big way.

Earlier, the Minister declared that he is planning to 'bring in a new law by which 500 will be given as reward to anyone who clicks and shares pictures of wrongly parked vehicles. 

ALSO READ: Soon, you may win 500 if you take picture of wrongly parked vehicle; Nitin Gadkari mulling 'new law'

"If Rs1,000 is the fine for a person guilty of the wrong parking, then Rs500 from that amount will go to the person who clicks the picture," he said at an event called Industrial Decarbonization Summit 2022 at a hotel in Delhi.

Gadkari made the comments citing wrong parking becoming a huge menace ad number of cars is going up in urban India. "There are sometimes cars for each member of a family. But no one is building parking spaces. In Delhi, for instance, wide roads are being treated as parking spaces," the minister said.

Post COVID-19 pandemic, car sales in India have seen a spike. Compared to the low numbers in the Covid-hit May of 2021, passenger vehicle dispatches to dealers in India rose over two-fold in May 2022.

With inputs from PTI.

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