Why it's time to mend India's broken EV financing ecosystem

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Why it's time to mend India's broken EV financing ecosystem - Economic Times

Quick Summary:

A unified approach involving OEMs, financiers, and regulators is crucial to establish data-driven underwriting and a robust used EV market, fostering a sustainable electric future.

Establishing residual value benchmarks, incentivizing IOT-based underwriting models, and clarifying data-sharing norms will go a long way in de-risking the EV asset class for financiers.

The financing sector still lacks standardized metrics for evaluating the battery health and remaining useful life (RUL) of a used EV — crucial parameters for resale, refinancing, and buyback.