Taking a deep dive into the deliberations on the EV ecosystem as well as to leverage the Indian experience for replication, the SIDBI's 'de-risking lending for a brisk EV uptake' report under guidance of NITI Aayog and with Rocky Mountain Institute (RMI) as a knowledge partner, was
launched at the 'Transforming Transportation 2024' conference in Washington, D.C. and is an outcome of aspirational interaction with 1000+ stakeholders.
The report outlines six derisking measures as solutions for converting challenges or risks into brisk opportunities. It details how two types of de-risking measures can reduce risk and redistribute liability to build EV market confidence and suggests private sector initiatives can mitigate expected losses for financiers, paving the way for favourable EV lending terms.
The report advocates for three fundamental pillars -- risk mitigation through financial products tailored to electric two and threewheelers (e-2/3W), standardised eligibility criteria for OEMs and financiers, and third, institutionalisation of de-risking measures (DRMs).
This story is from the March 24, 2024 edition of The Sunday Guardian.
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This story is from the March 24, 2024 edition of The Sunday Guardian.
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