By 2050, there will probably be much more electric autos than traditional types in India, Union highway transport and highways minister Nitin Gadkari said on Tuesday, anticipating advances in engineering and gains from the government’s endeavours to develop up a domestic renewable automotive sector to start off shelling out off.

Gadkari was talking at the HT Car EV Conclave, where he outlined the government’s incentives and urged business stakeholders to enable make India “the world’s biggest EV production and providing hub”.

“Both battery electric powered motor vehicle and gas-mobile car systems are complimentary to each and every other and are all set to overtake fossil-run automotive by 2050,” stated the minister, prior to adding: “Indigenous battery tech, localisation of factors and large domestic demand would make EVs the most cost-effective implies of transport in coming years”.

Gadkari said batteries were the most important ingredient of an electric powered car and constituted at minimum 50% of the upfront value, and extra this was an spot where his ministry was encouraging innovation. “I am pursuing research for its (lithium-ion battery) substitute these types of as zinc-ion, aluminium-ion and sodium-ion batteries. Minimal value uncooked products can be made out there from scrapping of old motor vehicles,” he claimed. “Metals like aluminium, iron and lithium can also be extracted.”

The authorities last calendar year rolled out a manufacturing-connected incentive (PLI) plan for different industries like an outlay of over 57,00 crore for the auto and automobile-part field in excess of a period of time of five decades. All-around 18,000 crore was accredited for advancement of highly developed mobile chemistry battery storage production. Gadkari mentioned these incentives more aim to persuade indigenous development of EVs so as to carry down their upfront price tag. “In future two to a few a long time, mass creation of EVs will have same capital expense as petrol and diesel versions right now,” he added.

Aside from battery-powered vehicles, Gadkari also backed several other suggests of substitute and clean up gas mobility. He spoke of green hydrogen as a zero carbon and sustainable choice, specifically for major and extended-haul vehicles such as trucks and buses made use of for logistical operations. “We are aggressively pursuing exploration on eco-friendly hydrogen as a transport fuel,” he claimed, adding, possibilities these as hydrogen-blended CNG are also remaining seemed at for future use.

He explained that efforts have been getting created to formalise the technique of retrofitting of present ICE (inner combustion) engines with CNG, LNG or electrical electricity trains. Nevertheless there are different protection and compliance-relevant problems, the governing administration strategies to offer incentives to produce this process, he mentioned.