Improved road infra, EVs will reduce logistics cost’

Electric vehicles, technology, e-commerce will drive growth of the logistics industry and boost economic development of the country. We are developing sustainable MMLPs, e-highways, we are reducing cargo transit time, which will help reduce logistics cost. We are developing National highways, launching EVs it will automatically reduce cost. Automobile, aviation industries are also growing tremendously,” said Nitin Gadkari, Union Cabinet Minister for Road Transport and Highways, GoI while unveiling report titled, titled ‘Express Industry in India 2025: Powering India’s economy, connecting businesses and markets.’ He added, “We need to start electric cold chain trucks also. Electric vehicles are very cost effective.” The report commissioned by The Express Industry Council of India (EICI) and KPMG focused on the sector’s expansion from USD 3 bn in 2017 to USD 9 bn in FY 2025, recording a compound annual growth rate of 12-15 per cent. It projects that market will double to between USD 18 and 22 bn by FY 2030.