BusinessGadkari Urges Auto Industry to Lower EV Prices for Consumers
Union Minister Nitin Gadkari urged automobile manufacturers to reduce electric vehicle (EV) prices to encourage wider adoption and reduce India's fossil fuel imports. He noted lithium-ion battery costs have fallen from USD 150 to USD 50 per kilowatt-hour, but prices remain high due to demand exceeding supply. Gadkari emphasized lowering prices in consumers' interest and predicted competition and increased production will drive prices down.
Hindustan Times·4h ago


