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August 10, 2023

How India could meet its electric vehicle target

India electric bus
As of May 2023, only 4,506 registered buses in India are electric, well below the country’s five-year target of deploying 50,000 electric buses (Photo: Money Sharma/AFP via Getty Images)

The Indian central government could develop a blended finance facility for electric buses that protects manufacturers from balance sheet and payment security risks, says the IEEFA.

Last year, India announced a target of deploying 50,000 electric buses over the next five years, an initiative that has been supported ...

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