{"id":404032,"date":"2021-03-10T08:31:33","date_gmt":"2021-03-10T03:01:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404032"},"modified":"2021-03-10T09:33:48","modified_gmt":"2021-03-10T04:03:48","slug":"electric-vehicle-financing-industry-to-be-worth-rs-3-7-trn-by-2030-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicle-financing-industry-to-be-worth-rs-3-7-trn-by-2030-report\/","title":{"rendered":"Electric vehicle financing industry to be worth Rs 3.7 trn by 2030: Report"},"content":{"rendered":"<p>India&#8217;s electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report. <\/p>\n<p>The report titled &#8216;Mobilising Electric Vehicle Financing in India&#8217;, prepared by Niti Aayog and Rocky Mountain Institute (RMI) India pointed out end-users currently face several challenges, such as high interest rates, high insurance rates, and low loan-to-value ratios. <\/p>\n<p>It said India&#8217;s transition to electric vehicles (EVs) will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report. The report titled &#8216;Mobilising Electric Vehicle Financing in India&#8217;, prepared by Niti Aayog and Rocky Mountain Institute (RMI) India pointed out end-users currently face several challenges, such as high interest rates, high insurance rates, and low loan-to-value ratios. It said India&#8217;s transition to electric vehicles (EVs) will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-404032","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404032"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404032\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}