It is imperative that Government puts in place an enabling ecosystem for EV adoption. This includes green finance initiatives and incentivising EV purchase.
Green Finance Initiatives
Climate change is a pressing concern, and the finance sector has a role to play. We look forward to:
Green Bond Market Expansion: Policies to promote the issuance and adoption of green bonds for funding EV infrastructure and sustainable projects.
Carbon Credit Trading Framework: Introduction of frameworks that reward companies investing in eco-friendly initiatives.
Incentivising EV purchase and cost of ownership:
The EV market in India is poised for exponential growth, but the initial cost of EVs remains a barrier for many consumers. To address this, we expect:
Enhanced Subsidies: Expansion of the FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme to provide higher subsidies for both commercial and personal EVs.
Tax Benefits: Additional tax rebates for customers availing EV loans to make ownership more affordable.
Charging Infrastructure Investments: Increased allocation for developing EV charging infrastructure, especially in Tier-2 and Tier-3 cities, to boost consumer confidence in EV adoption.
GST on Batteries: Reduction in GST rates for batteries used in Electric Vehicles to make EV ownership more economical and encourage their adoption.
Fast Charging Infrastructure: Increased investment in fast-charging stations across urban and rural areas to support the rapid adoption of EVs and alleviate range anxiety among users.
Affordable charging facilities: Offering incentives to lower the cost of charging infrastructure
IIFL Customer Care Number 
IIFL Capital Services Support WhatsApp Number
