Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India will become comparable to petrol vehicle prices within the next four to six months.
Speaking at the 20th FICCI Higher Education Summit 2025, Gadkari highlighted that India spends 22 lakh crore annually on fuel imports — a major economic and environmental concern — and stressed the need to shift towards clean energy.
He also said India aims to become the world’s top automobile market within five years, noting that the industry’s size has grown from 14 lakh crore to 22 lakh crore under his tenure. Farmers, he added, have earned 45,000 crore from ethanol production using corn