Particle.news

Gadkari Predicts EV–Petrol Price Parity Within 4–6 Months

He cast the push as key to easing India’s Rs 22 lakh crore fuel‑import bill.

Overview

  • The projection was delivered at FICCI’s Higher Education Summit and is a government forecast carried by PTI, not an independently verified market outcome.
  • He cited farmer earnings of about Rs 45,000 crore from corn‑based ethanol as a benefit of the blending programme.
  • He detailed hydrogen highway trials funded at roughly Rs 500 crore for five consortia on ten routes, with nine refuelling stations and 37 vehicles.
  • He set a goal for India’s automobile industry to become the world’s largest within five years, noting growth from Rs 14 lakh crore to Rs 22 lakh crore during his tenure.
  • He said a programme aims to use all segregated solid waste in road construction by 2027 to advance circular‑economy goals.