Union Road Transport and Highways Minister Nitin Gadkari has projected that electric vehicle (EV) prices in India will achieve cost parity with petrol-powered vehicles within the next four to six months. Speaking at the 20th FICCI Higher Education Summit 2025, Gadkari highlighted the government’s focus on clean energy adoption and reducing India’s reliance on fossil fuel imports, which cost the nation approximately ₹22 lakh crore annually.
EV Price Parity on the Horizon
Gadkari stated,
“Within the next 4-6 months, the cost of electric vehicles will be equivalent to the cost of petrol vehicles.”
This projection underscores the government’s strategic push to accelerate EV adoption across India, making electric mobility more accessible and affordable for consumers while promoting sustainable transportation.
Boosting India’s Automotive Industry
The Minister emphasized India’s ambition to become the world’s leading automobile industry within five years. He noted that India’s auto industry has grown from ₹14 lakh crore to ₹22 lakh crore since his tenure began, while comparing this with global leaders: the U.S. at ₹78 lakh crore and China at ₹47 lakh crore.
Gadkari’s statements indicate a coordinated approach to foster innovation, increase domestic manufacturing, and strengthen India’s position in the global EV market.
Supporting Initiatives for Sustainable Growth
Beyond EV pricing, Gadkari highlighted other government programs designed to boost economic and environmental sustainability:
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Ethanol production from corn: Provides farmers with ₹45,000 crore additional income.
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Road construction from segregated solid waste: Scheduled for implementation by 2027, converting waste into valuable infrastructure.
These initiatives aim to integrate economic growth, sustainability, and green energy adoption, reinforcing India’s long-term environmental and industrial objectives.
Role of Education and Skill Development
Gadkari also stressed the importance of higher education and skill development, stating that India’s young, talented, and skilled workforce is a key driver of growth. He encouraged educational institutions to incorporate innovative technologies and practical applications into curricula to prepare students for the evolving EV and clean energy sectors.
Strategic Implications
The Minister’s announcement signals a rapid transformation of India’s EV market, with cost parity expected in the short term, enabling wider adoption of electric vehicles. Combined with government incentives and infrastructure development, this is expected to accelerate India’s transition to sustainable mobility and reduce dependence on fossil fuels.
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