Nitin Gadkari Emphasizes transitioning to EVs with a Financial angle!

Nitin Gadkari’s proposal to reduce GST on hybrid vehicles and flex engines aims to incentivize eco-friendly transportation. He’s optimistic about its impact, having forwarded the requisition to the Finance Ministry. His comprehensive plan involves reducing GST on hybrid vehicles and promoting biofuels to harness fuel import savings for rural development and job creation.

In an interview with PTI, Gadkari affirmed his commitment to eliminating petrol and diesel vehicles, acknowledging the challenge but insisting it’s feasible. He highlighted the massive INR 16 lakh crore spent annually on fuel imports, proposing to redirect these funds towards rural development.

While Gadkari didn’t set a specific timeline, he’s determined to achieve energy independence through biofuels. Environmental activists praised his vision but stressed the need for a rapid transition to renewable energy.

With leading auto manufacturers embracing flex engine technology, Gadkari sees a shift towards sustainable transportation. He cited advancements in hydrogen-powered vehicles and bio-CNG factories as evidence of India’s transition towards self-reliance in green mobility.

In summary, Gadkari’s proactive measures signal a transformative vision for India’s transition to a sustainable, green economy, poised to reap the benefits of renewable energy and eco-friendly transportation.

[Image Source: EV Bazaar]