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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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