Mint Explainer | Why financing is the missing link in India’s e-truck and e-bus push
What is the aim of the proposed e-truck and e-bus financing scheme, and why now?
The scheme, currently in the works, is expected to reduce the upfront cost of electric buses and trucks. These vehicles cost about 2-2.5 times the price of diesel buses and trucks and are also significant contributors to transport sector greenhouse gas emissions. Trucks, for instance, make up a very small percentage of India’s overall vehicle fleet (about 3%), but are responsible for about a third of the emissions.
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