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India Revs Up for Electric Vehicles: A Look at the 2024 EV Policy The new policy on electric vehicles is a fillip to green transportation in India. This historic policy liberalizes the importation of electric vehicles, provides incentives for investment in an EV manufacturing set-up within the country, and on top of other things, seeks to make electric vehicles more pocket friendly as far as buyers are concerned and availing of EV loan easier. Key Provisions in the New EV Policy Import Flexibility: Gone are the days when one was obliged by a plethora of limitations! This policy ensures manufacturers can import EVs from any country, tending to assist lending for EVs and providing consumers with more choices. One can expect higher competition and innovation with a share of international expertise and technologies entering the Indian EV market. Import Duty Concessions: Looking to set up shop in India? The government has a sweet deal waiting. Companies investing a minimum of USD 500 millio...

The Financial Benefits of Going Electric: How Revfin’s Electric Vehicle Loan Saves Money Let's face it—taking out a loan doesn't typically convey "I'm saving money." However, with electric vehicles, a commercial ev loan from Revfin is not only environmentally friendly but also a smart financial choice in many ways.From millennial idealism to practical reality, electric vehicles (EVs) have evolved to meet the needs of eco-conscious budget-conscious drivers. However, owning a commercial EV offers more than just a feel-good, save-the-planet vibe—it comes with some amazing financial benefits. Electric vehicle financing has been a major driving force behind this shift towards eco-friendly transportation.So let's explore how a Revfin electric vehicle loan can benefit both your finances and the environment. Know More About How Revfin’s Electric Vehicle Loan Saves You Money

Why Revfin Green Fleet Mobility Deserves to Be Your Perfect Ride into Sustainability The world is moving gears towards a sustainable future, and green vehicles drive innovation. Rising interest in these vehicles and greener ways of living means a Revfin Green Car Loan will ensure a seamless and inexpensive transition to electric or hybrid driving. What is a Green Car Loan? A green car loan is a special product designed for financing eco-friendly vehicles, including electric vehicles and hybrids. Green loans offer competitive interest rates, allowing special terms for such sustainable alternatives. Know More About Revfin Green Car Loan for Electric & Hybrid Vehicles

Electric vehicles are rapidly increasing in popularity worldwide. The combination of a cleaner, quieter, and possibly more cost-effective driving experience has many people eyeing their next car to be an EV. All of that excitement to go electric shouldn't blur your judgment on financing your new ride.As in any car purchase, there are probable ploys in EV finance that should be avoided. 1. Obsession with the Purchase Price When compared, the initial capital you laid down for an EV is relatively high. Though this upfront expense may seem to be a disincentive, look at the bigger picture lying ahead. Consider probable savings on fuel, maintenance, and government incentives.Eliminating the fixation on the sticker price is dangerous; do not overextend the budget with an EV loan that can not easily afford. Know More About 10 Red Flags in Commercial EV Financing You Must Avoid

The role of the electric vehicle (EV) as a disruptor is slowly but surely sealing its place across India. Its sales surge, as viewed in the two-wheeler and three-wheeler categories, ably fed into government endeavors like FAME-2. This program provides incentives and subsidies to electric vehicles and associated charging infrastructure. Programs for phasing in manufacturing and PLI schemes seek support for the domestic production of EVs. These efforts themselves depict a promising picture of the future wherein the numbers are expected to reach 30-35 lakh units by 2026, basically driven by 2W adoption. Said differently, the electric vehicle finance market is bound to boom to INR 45-55 thousand crore by 2026.While the outlook is positive, electric vehicle finance remains one of the most significant challenges to faster adoption. Challenges and opportunities in the Indian Electric vehicle finance landscape are discussed in detail as follows. Know More About EV Financing in India: Challenge...

The EV revolution is in full flow, and with it, therefore, comes an increasing cry for innovative finance solutions. Although traditional lenders have now commenced the process of offering EV financing, there are often hidden costs and rigid terms associated with these options. It is here that alternative financing sources can shine, allowing the drivers to have the best EV financing deals crafted according to their specific requirements. Challenges of Traditional EV Financing Traditional lenders have primarily concentrated on financing internal combustion engine vehicles, leaving a gap in the market for electric vehicles. While some have expanded into the EV space, they often apply the same rigid underwriting standards and interest rates used for traditional cars. Know More About Best EV Financing Deals Beyond Traditional Lenders