EV prices will match petrol, diesel in 4-6 months: Nitin Gadkari

NEW DELHI: Prices of electric vehicles will match that of petrol-diesel ones in next four-to-six months, Nitin Gadkari, minister of road transport and highways said on Monday

Speaking at a Ficci event, Gadkari said, "When I launched electric vehicles, the battery cost was $150 per kilowatt hour. Today it's $55 to $65 per kilowatt hour. I think in the coming four-to-six months, electric scooters, electric cars, and electric buses will become equal to petrol-diesel prices."

Gadkari said that he told tractor makers and agriculture researchers in a meeting to accelerate work on clean-energy equipment and develop electric tractors and engines that run on ethanol, CNG, or isobutanol as part of India's broader self-reliance drive. He added that these innovations could help reduce diesel imports and pollution, while boosting rural incomes.