India is predicted to no sooner become the world’s leading electrical vehicle producer, announcement made by Nitin Gadkari.
The Union Minister of Road Transport and Highways, Nitin Gadkari on Sunday explained confidently the maximum use of lithium-ion batteries in India that predominantly is a starting step into the ease of electrical automobile manufacturing.
Until date the manufacturing of lithium batteries were slow and timid, but as per the discussions, these manufacturing industries will receive an extensive help from the Government of India in the next six months for massive production which alternatively will boost the automobile industries to start rapid works on producing the electrical vehicles.
Addressing the Amazon’s Smbhav Summit virtually, Gadkari further said that the government wants to encourage automakers to introduce flex-fuel engines in India and he is in the final discussion with manufacturers.
According to the minister, the indigenous battery technologies make the electronic vehicles more effective means of transport. The government is also working to launch hydrogen fuel cell (HFC) technology. He also added that E mobility will be the important tool for developing a pollution free transport.
Hydrogen Fuel Cell (HFC) technology is known to produce virtually zero harmful emissions. It uses chemical reactions between hydrogen and oxygen (from air) for generating the electrical energy, and eliminating the use of fossil fuels. Hydrogen fuel cells, on the other hand, are generally between 60% and 80% efficient.
Other resources include crude oil that is imported to India with a deal worth 8 Lakh Crore Indian Rupees for impacting hugely up on the nation’s economy. This resource therefore acts as an efficient and alternative mode of energy when the other elements go scarce.
The minister predicted the next two years to be cheap in cost with the electric vehicles that will stand competitive with those of the petrol and diesel vehicles.
The quality of EV manufactured in India is highly expected to be of an international standard that makes the Indian automobile industry the number one manufacturing hub in the world.
On looking upon the foresighted vision, energy resources such as ethanol, methanol, bio- CNG, electric and hydrogen fuel cell are encouraged more abundantly for becoming more active and future-ready for EV manufacturing and even during the diversification of agricultural sector. This sector further uses these energies for generating power in maintaining and taking care of the agriculture.
The minister argued that India already has sugar surplus, wheat surplus, rice surplus and that is the problem that the country’s minimum support price (MSP) is higher than international price and market price.
The present turnover of India’s automobile industry is Rs 7.5 lakh crore, out of which the export is Rs 3.5 lakh crore all alone. The contribution is 2.3 per cent to the country’s GDP and 25 per cent to its manufacturing GDP.