Union Minister Nitin Gadkari says India needs to promote flex-fuel vehicles to tide over fluctuations in crude oil prices

Union minister Nitin Gadkari on Monday said that the country needs to promote flex-fuel vehicles and e-mobility to tide over the problems created by wide fluctuations in crude oil prices in the international market.

Addressing an event organised by SIAM (Society of Indian Automobile Manufactures), Gadkari further said that the aviation sector is also facing problems due to the high cost of aviation fuel.

“Every year, (wide) fluctuations in crude oil prices are creating lots of problems…We need to march towards adoption of 100 per cent flex fuel vehicles,” he said.

Flex-fuel compatible cars can run on more than one type of fuels and also on a mixture. Typically, a blend of petrol and ethanol or methanol is used.

Also Read: BMW XM SUV launched in India – From ex-showroom price, colours, features to pictures, warranty, booking, delivery date – Here’s all you need to know | PHOTOS

The road transport and highways minister pointed out that 40 per cent of pollution in India is because of the use of fossil fuels.

Noting that there is a need to encourage technology to convert waste to wealth, he said, “we are encouraging lots of industries to start production of ethanol”.

The minister also appreciated the role of the automobile industry in creating employment opportunities in India.

“The automobile sector employs over 4 crore people in India. It also pays maximum GST to the government,” he said.

Gadkari also noted that there is huge potential for exports of automobile components.

Gadkari said ethics, economy, ecology and environment are the most prominent pillars of India’s society.

Click here to get more updates on Stock markets I Zee Business Live 

“Regarding ecology and environment, the whole world is marching towards carbon neutrality,” he said.

The minister said sugar manufacturers who have played an important part in the current ethanol milestones of the nation will reap similar economic benefits working towards sustainability together.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *