<h1>India's EV Financing Industry to Hit Rs. 3.7 Lakh Crore by 2030, Report Proposes Solutions to Boost Investment.</h1> NITI Aayog and RMI India have released a report titled 'Mobilising Electric Vehicle Financing in India,' projecting that India's EV financing industry will be worth Rs. 3.7 lakh crore by 2030. The report emphasizes the need for a cumulative capital investment of Rs. 19.7 lakh crore in EVs, infrastructure, and batteries over the next decade. It identifies financing as a critical barrier to EV adoption, proposing a toolkit of 10 solutions to lower costs and increase capital flow. These include priority-sector lending, interest-rate subvention, and enhanced partnerships between OEMs and financial institutions. The report highlights the economic, social, and environmental benefits of transitioning to electric mobility.