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Data recap: EV funding, govt spending, IPL stars

News and developments from the week gone by, through numbers and charts ....

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Spring Free EV Unveils Tax Equity Product to Accelerate Adoption of Electric Vehicles

Spring Free EV, a leader in sustainable transportation, has introduced a groundbreaking financing solution called Residual Capital. The tax equity product significantly lowers the financial barriers to scaled electrification and is poised to transform electric vehicle financing., , , , Developed in collaboration with leading tax equity structuring lawyers and accountants, Residual Capital offers a fresh perspective on EV tax credits - specifically 45W, which applies to commercial electric veh. ....

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Montra Electric signs MoU with Ecofy to offer financing solutions

Montra Electric, the electric vehicle brand of Murugappa Group, has partnered with Ecofy to provide financing solutions for the purchase of electric three-wheelers. This collaboration aims to facilitate the adoption of electric vehicles in India and overcome the financial barriers that hinder their uptake. The growth of EV passenger vehicles and cargo vehicles in the country emphasizes the need for accessible financing options. ....

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