EV-financing fintech firms are offering consumers innovative plans


With electric vehicle (EV) sales increasing, specialised EV-financing fintech firms are offering consumers innovative plans.


The Union Transport Ministry is leading the charge to have the Reserve Bank of India designate this industry as a priority sector (RBI). According to sources, the industry could receive preferred financing status within the next six months. Several fintech firms, including Rev Fin, Oto Capital, and Three Wheels United, have taken the lead in EV financing. According to officials, these financial institutions' volumes have increased by at least 5- 8 times since mobility restrictions were lifted.

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