Supporting Indian States with Building Capacity to Access Finance for E-mobility Projects

Descriptions

India's road transport sector accounts for 12% of the country's energy-related CO₂ emissions, with projections suggesting this could double by 2050 without accelerated action. While India has made strong international commitments to the ZEV transition, including signing the ZEV Declaration and co-convening the Road Transport Breakthrough, access to finance remains a major barrier to implementation at the sub-national level.

State governments in India have expressed interest in strengthening their capacity to design and deliver bankable ZEV projects. However, challenges persist around policy coordination, technical capability, and engagement with international finance institutions.

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Programme Objectives

This programme aims to:

• Build institutional capacity in participating States and the Government of India to access and deploy finance for ZEV technologies and associated assets.

• Promote inclusive, bankable projects aligned with just transition principles.

• Enhance coordination with international finance institutions and technical partners.

• Generate insights to inform future ZEV financing programmes in India and other emerging markets.

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Supplier Engagement

This Market Engagement is an opportunity for suppliers to provide feedback and help shape the programme's design and delivery. We welcome input on how to maximise impact, ensure contextual relevance, and deliver high-quality technical support that meets the needs of stakeholders in India.