Скачать или смотреть Union Minister Nitin Gadkari On Union Budget 2023, E-Mobility Drive, Road Safety & More | EXCLUSIVE

There will be a huge number of electric vehicle makers in India that the price of lithium ion batteries will come down and the industry will not need any subsidy, said Nitin Gadkari, Minister of Road Transport & Highways in an interview with CNBC-TV18’s Shereen Bhan.

Gadkari said, “The electric vehicle, we have 400 startups who are making electric scooters now in India and all are now doing good business. Day by day because the number is increasing the cost of lithium-ion batteries is going to reduce. And that is the reason that I feel that the industry doesn't need subsidy.”

He explained, “As far as the petrol car, the GST is 48 percent and for the electric car it is 5 percent. It is also one type of subsidy, and because of the reduction in the cost, particularly alternative fuel vehicle, now we are going to start flex engine. So I feel that now no more subsidies required for that.”
Gadkari emphasised the importance of sustainable development, saying that the green subject is close to his heart and that green energy will change the scenario in the entire country.

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