India will be the world’s largest EV manufacturing hub in 5 years: Nitin Gadkari

Nitin Gadkari

Nitin Gadkari, the Minister for Road Transport & Highways in a statement climbed India to become the world’s largest electric vehicle (EV) manufacturing hub in the next five years. The claim was made by the minister at an event organised by Amazon- Smbhav Summit 2021.

In the event, Gadkari flagged off some electric vehicles of Amazon virtually. “Our country imports around ₹8 trillion of crude oil and this is going to double in the next four to five years, which will have a huge impact on the economy. It is necessary to look for an efficient and alternative mode of energy for future mobility needs. India is a power surplus nation and e-mobilty will be the most effective solution to develop import substitute, cost-effective, indigenous and pollution-free modes of transport,” said the minister, Nitin Gadkari.

This statement came amidst popular expectations that there shall be a substantial decrease in the cost of developing and operating electric vehicles (EVs). also, three have been speculations that the costs involved in the manufacture of shall also endure a decline.

Highlighting the promising future which the country holds for green power, Nitin Gadkari said, “We are power surplus… This is time for Indian economy to use electric as power.”

“India is moving ahead towards making electric vehicles. In due course of time, we will be the number one electric vehicle maker in the world,” said Amazon, meanwhile reaffirmed its commitment towards electrification, thereby reducing the dependence upon renewable resources.

Pointing to the country’s rapid growth towards ‘Swadeshi’, Gadkari appreciated the nation gradually becoming self-reliant, and likewise also threw light upon it becoming a major EV manufacturing hub with products of all range and usage. “I feel imports need to end and exports should be increased through the promotion of import-substitute goods,” Nitin Gadkari said.

The Modi administration has always stressed the necessity to increase the local production of EV’s that can further bring about zero-emission on the roads and control the rampant pollution caused by conventional vehicles. The government has also been encouraging e-companies to shift their deliveries upon the fleet of EV’s.

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