World EV Day 2023 – Quotes by Rupyy

‘As we commemorate World EV Day, we’re reminded that we stand at a pivotal juncture akin to the early days of the internet—globally symbolized by Tesla’s transformative impact and Europe’s robust green policies. In India, the two-wheel electric vehicle sector has exhibited a robust growth of 60% in H1CY23, capturing a 7% market share from just 1% two years prior. While challenges persist—ranging from high initial costs to infrastructural gaps—the landscape is ripe for disruption. One such avenue is the evolving fintech sector, which is playing an increasingly significant role in EV adoption by streamlining financing options. From a 30% to 40% surge in EV financing penetration in recent months, fintech innovations are effectively democratizing access to electric mobility. Supported by government initiatives, technological breakthroughs, and financial ingenuity, we are confident that India is steering towards a sustainable and electrified future’

Mr. Namit Jain, Co-founder & CEO, Rupyy part of CarDekho Group