The capital cost of making electric vehicles would be on a par with petrol/diesel vehicles in five years and India would be importing electric vehicles if it does not develop the ecosystem, said Ashok Jhunjhunwala, Principal Advisor, Ministry of Power & New and Renewable Energy, Government of India.
“Electric vehicles will be the future of transportation in the country. They have significantly higher energy efficiency when compared to petrol/diesel vehicles and can be more reliable going forward,” he said speaking at the Freedom Talk on ‘Role of Digitisation and ECommerce in Indian Economic Growth’ organised by TANSTIA-FNF Service Centre (TFSC) and Friedrich- Naumann-Stiftung für die Freiheit.
Mr. Jhunjhunwala also noted with the battery prices falling, electric vehicles would be most sought after in the next 5-6 years, and warned that if India waited till that time, it would end up importing electric vehicles instead of oil. Countries like Germany, China and the U.S. are already focusing on electric vehicles, he noted. Read More…
Credit By: The Hindu
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