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Union Minister for Road Transport and Highways, Nitin Gadkari, has emphasized that a reduction in lithium battery prices will significantly lower the cost of electric vehicles (EVs), making them more accessible to consumers. Speaking at the launch of an eco-friendly electric cycle in Thane, Gadkari highlighted the urgent need to shift from fossil fuels to alternative energy sources, as pollution remains India's biggest challenge, with the transport sector being a major contributor.
Gadkari noted that India's dependence on fossil fuels not only poses an environmental threat but also places a heavy economic burden, with ₹22 lakh crore spent annually on fuel imports. Advancements in battery technology, he said, are crucial for India's transition to sustainable transport.
The minister pointed out that since 2014, India's automobile sector has surpassed Japan to become the third-largest globally. He expressed confidence that by 2030, India will lead the world in EV production, significantly influencing the global auto market.
He attributed the increasing affordability of EVs to the sharp decline in lithium-ion battery prices, which have dropped from $150 per kWh a few years ago to around $100 per kWh now. "As battery prices decrease further, the cost of EVs will reduce, making them more affordable for the masses," he said.
Gadkari highlighted India's growing footprint in the global EV market, noting that 50% of the country’s two-wheelers are now exported. Recalling his recent visit to a Hero plant in Ludhiana, he underscored the potential of Indian-made electric two-wheelers in international markets.
He also praised conventional manufacturers like Bajaj and TVS for producing electric vehicles with a range of up to 125 km per charge, while young entrepreneurs from Lucknow and Kanpur have developed e-bikes with a 60 km range—sufficient for daily travel needs.
The minister underscored India's research into next-generation battery technologies, including lithium-ion, zinc-ion, sodium-ion, and aluminum-ion chemistries, which could further drive down EV costs and enhance energy efficiency.
Additionally, he emphasized the government’s efforts to convert agricultural waste into biofuels such as bio-CNG and bio-aviation fuel. "This shift will not only reduce pollution and fuel import costs but also create a new source of income for farmers, transforming them from food providers to energy providers," he said.
Gadkari also spoke about initiatives to convert rice straw into biofuel, which could help mitigate pollution caused by stubble burning. "We have initiated 400 projects to convert rice straw into biofuels, with 60 already operational," he added.
The minister called for dedicated cycling infrastructure in urban areas to promote cycling as a sustainable mode of transport. "With increasing urbanization, developing cycling-friendly infrastructure can encourage eco-friendly travel, improve road safety, and reduce city congestion," he stated.
Gadkari reaffirmed India's commitment to reducing pollution, cutting fuel import costs, and fostering economic growth through green technologies. "By prioritizing electric vehicles, biofuels, and urban cycling infrastructure, India is set to lead the global transition toward sustainable transport solutions," he said.
Reflecting on the progress in India's EV industry, he recalled how discussions on electric cars and e-bikes were once met with skepticism. However, he expressed confidence in the country’s technological advancements, citing the recent inauguration of hydrogen cell-operated trucks by Tata.
"With cutting-edge innovation, young engineering talent, and advancements in alternative energy, India is well-positioned to compete in the evolving global landscape," Gadkari concluded.
