Urging domestic players to take advantage of the opportunities generated amidst Covid-19 pandemic, Nitin Gadkari, Union Minister for Road Transport and Highways, expressed confidence over India emerging as an Electric Vehicle (EV) manufacturing hub in next five years. He reasoned that global businesses are looking for opportunities outside China. Assuring support to the EV sector, Gadkari mentioned that the government is trying to extend ‘best possible concessions’. The Goods and Services Tax (GST) on the EVs have been reduced to 12 per cent. Hopeful that the demand for alternate and cheap sources of power like electric and biofuels will rise due to the availability limitations of petroleum fuel, Gadkari drew attention to the pilot project approved for developing an electric highway on the upcoming Delhi-Mumbai Green Corridor.
