{"id":404072,"date":"2021-03-10T09:21:57","date_gmt":"2021-03-10T03:51:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404072"},"modified":"2021-03-10T10:16:31","modified_gmt":"2021-03-10T04:46:31","slug":"electric-vehicle-financing-industry-to-be-worth-rs-3-7-lakh-crore-by-2030-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/electric-vehicle-financing-industry-to-be-worth-rs-3-7-lakh-crore-by-2030-report\/","title":{"rendered":"Electric vehicle financing industry to be worth Rs 3.7 lakh crore 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 the [&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":[146,130,234],"tags":[],"class_list":["post-404072","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404072","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=404072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}