The government’s push for sustainable mobility is accelerating, and EV prices in India could soon match those of petrol vehicles. Union Road Transport and Highways Minister Nitin Gadkari announced that within the next four to six months, electric vehicle prices are expected to be at par with traditional fuel-powered models — a major step toward India’s green transformation.
EV Prices in India to Match Petrol Cars
Nitin Gadkari highlighted that the high cost gap between EVs and petrol vehicles will soon narrow as manufacturing scales up and technology matures. The minister stated, “Within the next 4–6 months, the cost of electric vehicles will be equivalent to petrol vehicles,”. Further, reinforces the government’s commitment to make clean mobility accessible to all.
India currently spends around ₹22 lakh crore annually on fuel imports. Bringing EV prices in India closer to conventional vehicles could reduce this economic burden. Further, help the nations transition to self-reliant and eco-friendly transport solutions.
Economic Growth and Industry Expansion
The Indian automobile industry has grown from ₹14 lakh crore to ₹22 lakh crore under Gadkari’s leadership. With the expected reduction in EV prices in India, this sector is projected to expand rapidly. Further, aligning with the government’s goal to make India the world’s top automobile market within five years.
The minister also highlighted how farmers have benefited by producing ethanol from corn, earning an additional ₹45,000 crore. Further, creating an example of how renewable energy and innovation can drive inclusive economic growth.
Sustainability and Skill Development at the Core
The government’s focus extends beyond just reducing EV prices in India. A national programme aims to use all segregated solid waste in road construction by 2027, converting waste into value. Gadkari also emphasized that higher education institutions must integrate technology and innovation into their curricula to prepare skilled manpower for the evolving mobility landscape.
A Greener Road Ahead
As EV prices in India approach parity with petrol vehicles, the upcoming fiscal year could mark a pivotal moment for clean mobility. Affordable electric vehicles, a growing renewable fuel ecosystem, and supportive government policies are setting the stage for a sustainable and globally competitive automobile industry.
