Roadblocks and solutions to Financing EVs in India
India's automobile sector relies heavily on third-party financing, with personal loans growing by 16% in May 2022. As policies push for decarbonization, electric vehicles (EVs) are expected to become mainstream. Key challenges for EV loans include high-interest rates, shorter tenures, and low LTV ratios, requiring solutions for accessible and affordable financing.
https://www.ceew.in/cef/quick-....reads/explains/roadb
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