India considering proposal to include EVs in priority sector lending

India considering proposal to include EVs in priority sector lending

A man charges an electric vehicle (EV) at the charging hub of Indian ride-hailing BluSmart Electric Mobility in Gurugram, India, December 9, 2022. REUTERS/Anushree Fadnavis

India’s finance ministry is considering a proposal to include electric vehicles under the Reserve Bank of India’s (RBI) priority sector guidelines, a move that would make it cheaper to raise funds, a government official said on Saturday.

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