Union minister Nitin Gadkari on Sunday expressed confidence that lithium-ion batteries would be manufactured fully within the country within the next six months and India will become favorite electric vehicle maker within the world in due course of your time .
Addressing the Amazon‘s Smbhav Summit virtually, Mr. Gadkari further said that the government wants to encourage automakers to introduce flex-fuel engines in India and he’s within the final discussion with manufacturers.
“India is moving ahead towards making electric vehicles. In due course of your time we’ll be the amount one electric vehicle(EV) maker within the world. All reputed brands are present in India,” the Road Transport and Highways minister said.
Mr. Gadkari, who also holds the MSME portfolio, said indigenous battery technology will make EV the foremost effective means of transport.
“India possesses tremendous capability for creating green power… Within six months, i’m confident that we’ll be in position to form a 100% lithium-ion battery in India, there’s no shortage of lithium,” he asserted.
Mr. Gadkari also said that the government is additionally working to launch hydrogen cell (HFC) technology. HFC technology uses chemical reactions between hydrogen and oxygen (from air) to get electricity , eliminating the utilization of fossil fuels.
Noting that India imports ₹8 lakh crore of petroleum and it’s getting to double within the next 4-5 years which can have an enormous impact on the economy, he said it’s important to seek an efficient and alternative mode of energy.
“E mobility is going to be the important tool to develop pollution free transport,” Mr. Gadkari said.
The Union minister also acknowledged that within the next two years, the value of electrical vehicles will come down and can be as competitive as petrol and diesel vehicles.
He emphasised that the standard of EV manufactured in India should be of international standard.
Mr. Gadkari said he wants to form Indian industry, the amount one manufacturing hub within the world. “For that purpose we are now encouraging ethanol, methanol, bio- CNG, electric and hydrogen cells ,” he said.
Gadkari also stressed on the necessity for diversification of agriculture towards the energy and power sector.
“We have a sugar surplus, wheat surplus, rice surplus which is the problem that our minimum support price (MSP) is above international price and market value ,” he argued.
Presently, the turnover of our industry is ₹7.5 lakh crore, out of which our export is ₹3.5 lakh crore.