Fall in lithium battery prices will boost EV sector, says Nitin Gadkari

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Fall in lithium battery prices will boost EV sector, says Nitin Gadkari - Business Standard

Quick Summary:

Pollution is India's biggest challenge and the transport sector is a major contributor, Gadkari on Monday said, stressing the urgent need to transition from fossil fuels to alternative energy sources.

He said India's dependence on fossil fuels is both an economic burden, as Rs 22 lakh crore is spent annually on fuel imports, and an environmental hazard, making clean energy adoption crucial for the nation's progress.

The Union minister for road transport and highways asserted the ongoing advancements in battery technology were key to India's transition to sustainable transport.