Union Minister for Road Transport and Highways, Nitin Gadkari, predicts that electric vehicle (EV) prices will equal those of petrol and diesel cars within two years.
Speaking at the 64th ACMA Annual Session, Gadkari noted the significant drop in production costs and increased consumer interest in EVs and CNG vehicles. Although he previously suggested that EV subsidies might be phased out, Gadkari remains open to continuing them during this transition period to support the shift towards greener transportation.