{"id":622348,"date":"2023-12-13T10:57:58","date_gmt":"2023-12-13T05:27:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622348"},"modified":"2023-12-13T13:04:41","modified_gmt":"2023-12-13T07:34:41","slug":"startups-propel-ev-financing-as-retail-credit-remains-constrained","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/startups-propel-ev-financing-as-retail-credit-remains-constrained\/","title":{"rendered":"Startups propel EV financing as retail credit remains constrained"},"content":{"rendered":"<p>Bengaluru: Electric vehicle adoption in India is growing by the month according to recent sales figures but a lack of liquidity in the market for this nascent industry is causing roadblocks in larger accessibility. EVs are already higher priced than internal combustion engine (ICE) vehicles due to non-localisation of the battery supply chains, which make up for almost half of an EV\u2019s cost. Added to that mix is the absence of a resale market and limited understanding of the technology, leading to banks and non-banking financial companies (NBFC) steering clear of the sector or charging higher interest rates. In the absence of traditional lenders, a market for EV financing startups is forming, faced with its own unique challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru: Electric vehicle adoption in India is growing by the month according to recent sales figures but a lack of liquidity in the market for this nascent industry is causing roadblocks in larger accessibility. EVs are already higher priced than internal combustion engine (ICE) vehicles due to non-localisation of the battery supply chains, which make up for almost half of an EV\u2019s cost. Added to that mix is the absence of a resale market and limited understanding of the technology, leading to banks and non-banking financial companies (NBFC) steering clear of the sector or charging higher interest rates. In 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-622348","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\/622348","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=622348"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622348\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}