De-risking lending for a brisk EV uptake

India’s electric mobility sector is witnessing swift expansion, surpassing 1.5 million units in sales in 2023, primarily driven by the electric two-wheelers segment. Despite achieving cost competitiveness with internal combustion engine counterparts over their lifecycle, commercially used electric two- and three-wheelers continue to face challenges stemming from higher initial expenses and limited access to financing. The report, De-Risking Lending for a Brisk EV Uptake, outlines six prioritized de-risking measures that can create tangible value for financiers by effectively mitigating risks associated with lending to electric two- and three-wheelers.