Cost of electric vehicles to be at par with combustion engine cars in 3-4 yrs: Amitabh Kant
5 years, 4 months ago

Cost of electric vehicles to be at par with combustion engine cars in 3-4 yrs: Amitabh Kant

India TV News  

NITI Aayog CEO Amitabh Kant on Wednesday said the cost of electric vehicles will almost become at par with combustion engine cars in the next 3-4 years, largely owing to decline in battery price and India should be ready for this transition. Observing that India has 28 cars for every 1,000 people, much lower as compared to the US or Europe which have 980 and 850 cars for 1,000 people respectively, Kant said this means as India transits towards urbanisation the future will all be electric, shared and connected. The cost of electric vehicles will almost become at par with combustion cars in the next 3-4 years," the NITI Aayog CEO said while addressing a CII event here. Kant said India has made huge commitments in the Paris Accord and remains committed to reduce its total pollution by almost 35 per cent, unlike the US which has backed out of it.

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