Electric Auto Finance Innovations: Subscription-Based Plans & Variable EMI Plans
The electric vehicle space is evolving rapidly, and with it, financing for electric vehicles. Traditional loan avenues do not fit new consumers' requirements, especially for electric 3-wheelers, where affordability and flexibility are given top priorities. Enter new electric auto finance models like subscription and flexible EMI plans—game-changers in electric vehicle ownership democratization.
The Limitations of Traditional Financing
Traditional finance models have long employed fixed EMI patterns, heavy down payments, and stringent credit standards. However, with the growing popularity of electric vehicles, the need for financing plans that attract a wider customer base like first-time buyers, gig economy professionals, and small business owners also grows.
Source: https://revfin.in/resources/bl....ogs/electric-auto-fi
