Business Standard

EV rates will come down once lithium batteries are made in India: Minister

Dhavalikar, after disbursing subsidy to owners of EVs here, said that a tender will be floated for the installation of charging stations within the next two weeks.

ev battery

He said that once the charging stations are set up, people will find it easy to charge any type of vehicles.

IANS Panaji

Goa's Power Minister Sudin Dhavalikar said on Tuesday that once lithium batteries are manufactured in India, the rate of electrical vehicles (EVs) will come down to half compared to the present prices.

Dhavalikar, after disbursing subsidy to owners of EVs here, said that a tender will be floated for the installation of charging stations within the next two weeks.

He said that once the charging stations are set up, people will find it easy to charge any type of vehicles.

"Lithium batteries are not manufactured in India. When the batteries will be manufactured here, the rates of EVs would come down," Dhavalikar said.

 

According to the minister, initially when mobile phones were imported from other countries, their cost was high. But the rates fell after they were manufactured in the country.

"Once lithium batteries are manufactured in India, the price of EVs will come down from Rs 30 lakh to Rs 16 lakh," he said.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 09 2022 | 7:49 AM IST

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