NITI Aayog and Rocky Mountain Institute (RMI) India have released a new report ‘Mobilizing Electric Vehicle Finance in India’, which highlights the role of finance in India’s transition to electric vehicles (EVs) and analyzes that the transition will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in electric vehicles, charging infrastructure and batteries over the next decade.
The report also identifies a market size of USD 50 billion (Rs 3.7 lakh crore) for electric vehicle financing in 2030, which is around 80% of the current size of India’s retail vehicle financing industry, d ‘worth 60 billion USD (Rs 4.5 lakh crore) today.
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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)
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