By 2050, there will likely be more electric vehicles than conventional vehicles in India, Union Minister of Road Transport and Highways Nitin Gadkari said on Tuesday, expecting technological advancements and gains. government efforts to create a renewable domestic auto industry to begin to bear fruit. .
Gadkari was speaking at the HT Auto EV Conclave, where he described government incentives and urged industry stakeholders to help make India “the largest center for the manufacture and supply of electric vehicles. in the world”.
“The technologies of battery electric vehicles and fuel cell vehicles are complementary and are all set to overtake the fossil fuel automobile by 2050,” said the Minister, before adding: “Battery technology indigenous peoples, the location of components and the enormous domestic demand would make the EV the most affordable means of transport in the years to come ”.
Gadkari said batteries are the most important component of an electric vehicle and constitute at least 50% of the initial cost, and added that this is an area where his ministry encourages innovation. “I am continuing research for its substitute (lithium-ion battery) such as zinc-ion, aluminum-ion and sodium-ion batteries. Low cost raw materials can be made available from the scrapping of old vehicles, ”he said. “Metals like aluminum, iron, and lithium can also be mined.”
Last year, the government implemented a production-linked incentive program (PLI) for various industries, including an expenditure of over ??57.00 crore for the automotive and automotive components industry over a five-year period. About ??18,000 crore has been approved for the development of advanced cell chemistry battery storage manufacturing. Gadkari said these incentives are further intended to encourage local development of electric vehicles to reduce their initial cost. “In the next two or three years, mass production of electric vehicles will have the same capital cost as the gasoline and diesel versions today,” he added.
Besides battery-powered vehicles, Gadkari has also supported various other means of alternative and clean fuel mobility. He spoke of green hydrogen as a zero carbon and sustainable option, especially for heavy and long haul vehicles such as trucks and buses used for logistics operations. “We are aggressively continuing research on green hydrogen as a transport fuel,” he said, adding that alternatives such as CNG mixed with hydrogen are also being explored for future use.
He said efforts were being made to formalize the procedure for upgrading existing ICE (internal combustion) engines with CNG, LNG or electric powertrains. While there are various security and compliance challenges, the government plans to provide incentives to develop this procedure, he said.