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Centre eyes new financing to speed private electric bus and truck adoption
Economy
Published on 29 April 2026
Banks and NBFCs warn EV loans still need fixes
The Ministry of Heavy Industries held a high-level meeting to design financing mechanisms that could accelerate private sector adoption of electric buses and trucks. Participants from banks, NBFCs and financial institutions discussed key barriers in EV financing and how to overcome them, aiming to unlock faster fleet transition and expand electric commercial transport in India.
- Ministry of Heavy Industries met banks and NBFCs on EV financing
- Goal: boost private adoption of electric buses and electric trucks
- Talks focused on challenges blocking smoother EV loans
- New financing model expected to reduce adoption friction
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times