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Electric car price vs petrol car price Nitin Gadkari statement | Electric car will be available in the rate of petrol car, just wait 2 years!

Photo: PTI

Electric car will be available in the rate of petrol car, just wait 2 years!

New Delhi: People have been buying less electric cars because their cost is much higher than petrol cars. In such a situation, a good news has come that in the next 2 years, electric vehicles will start getting at the price of petrol vehicles, Union Transport Minister Nitin Gadkari has expressed this confidence. Nitin Gadkari said this in a webinar organized by the organization named Sustainability Foundation. If Gadkari is to be believed, in the next two years, the price of petrol vehicles and electric vehicles will become equal.

He said that the GST on electric cars is only 5 per cent, while it is much higher on petrol vehicles. He said that the reason behind the high cost of electric car is the high cost of lithium battery. In such a situation, work is being done to reduce the cost of lithium batteries. After the cost of battery comes down, the price of electric car will come down and it will start selling at the price of petrol car.

Gadkari said that 81 per cent of the total requirement of lithium batteries is being produced locally. He said that research is also being done on its alternative and soon any improvement will be seen in this direction. He said that it is my dream that India should become a hub of electric vehicles. That’s why I have invited Mercedes and BMW.

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