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Automotive Product Finder Magazine | Nitin Gadkari: India to have more EVs than conventional vehicles by 2050

Nitin Gadkari: India to have more EVs than conventional vehicles by 2050

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News  /   August

New Delhi

Union Minister for Road Transport and Highways, Nitin Gadkari, said India would have more electric vehicles (EVs) than conventional vehicles by 2050. He expects the current governmental effort to build a domestic renewable automotive industry and advances in technology to pay off.

Speaking at the HT Auto EV Conclave, Gadkari outlined the government’s incentives. He further urged the industry stakeholders to help India become the world’s largest EV manufacturing and supplying hub.

He added that battery EVs and fuel-cell vehicle technologies complement each other and might overtake conventional vehicles by 2050. EVs would be more affordable in the coming years due to the indigenous battery tech, localisation of components and huge domestic demand.

Batteries constitute 50% of the upfront cost of an EV. The union minister said that he was looking for a substitute for lithium-ion batteries in the form of zinc-ion, aluminium-ion and sodium-ion. He also showed his support for other alternative and clean fuel mobility. He spoke in detail about green hydrogen as a zero-carbon and sustainable option for heavy and long-haul vehicles and about the use of hydrogen-blended CNG.

Gadkari mentioned that the government plans to provide incentives to develop a procedure to retrofit existing ICE (internal combustion) engines with CNG, LNG or electric power trains.

Source – Hindustan Times

Image Source: Image by OpenClipart-Vectors from Pixabay

Also Read:

https://www.automotiveproductsfinder.com/news/nitin-gadkari-asks-auto-firms-to-consider-6-airbags-in-cars-for-safety/134895

https://www.automotiveproductsfinder.com/news/morth-issues-draft-notification-for-e-12-and-e-15-blending-in-petrol/134801

https://www.automotiveproductsfinder.com/news/time-is-perfect-to-introduce/134712

Tags Cloud
  • Union Minister For Road Transport And Highways
  • Nitin Gadkari
  • Electric Vehicles (Evs)
  • Conventional Vehicles
  • Domestic Renewable Automotive Industry
  • Production-Linked Incentive (PLI) Scheme
  • Automobile And Auto-Component Industry
  • Advanced Cell Chemistry Battery Storage Manufacturing
  • HT Auto EV Conclave
  • EV Manufacturing
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