The MSME and Road Transport and Highways Minister Nitin Gadkari showed the confidence that lithium-ion batteries for EVs would be manufactured fully in India in next 6 months. India will become the number one electric vehicle maker in the world in due course of time.
Addressing Amazon’s Smbhav Summit virtually, Gadkari further said that the government wants to encourage automakers to introduce flex-fuel engines in India and he is in the final discussion with manufacturers.
“India is moving ahead towards making electric vehicles. In due course of time, we will be the number one electric vehicle(EV) maker in the world. All reputed brands are present in India,” the MSME and Road Transport and Highways minister said.
Gadkari added that indigenous battery technology will make EV the most effective means of transport.
“India has got tremendous capability for making green power… Within six months, I am confident that we will be in a position to make 100 percent lithium-ion batteries in India, there is no shortage of lithium,” he asserted.
Gadkari also said that the government is also working to launch hydrogen fuel cell (HFC) technology. HFC technology uses chemical reactions between hydrogen and oxygen (from air) to generate electrical energy, eliminating the use of fossil fuels. Noting that India imports Rs 8 lakh crore of crude oil, and it is going to double in the next four to five years, which will have a huge impact on the economy, he said it is important to look for an efficient and alternative mode of energy.
“E mobility will be the important tool to develop pollution free transport,” Gadkari said. The Union minister also pointed out that in the next two years, the cost of electric vehicles will come down and will be as competitive as petrol and diesel vehicles. He emphasised that the quality of EV manufactured in India should be international standard. Gadkari said he wants to make Indian automobile industry the number one manufacturing hub in the world. “For that purpose, we are now encouraging ethanol, methanol, bio- CNG, electric and hydrogen fuel cell,” he said.