March 9, 2021
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EV financing solutions mobilise capital and lower borrowing costs to scale electric vehicle adoption and infrastructure.
The report identifies finance as a central barrier to India's EV transition and proposes a ten-point toolkit to mobilise public and private capital, lower borrowing costs, improve loan availability, and enhance EV bankability. Principal measures include priority-sector lending, interest-rate subvention, OEM-financial institution partnerships with product guarantees, development of a formal secondary market to support resale values, and complementary steps such as digital lending, business model innovation, fleet electrification targets, and an open data repository to support underwriting and asset valuation.