
India is promoting EV adoption to reduce emissions and oil dependence, targeting 30% EV sales by 2030. This report outlines how EESL, backed by ADB and GEF, used an Energy Efficiency Revolving Fund (EERF) to lower EV lease costs by up to 24% and deploy over 1,500 e-cars and 250+ chargers. It highlights the success of demand aggregation, bundled services, and blended finance. The report outlines a scalable model for accelerating EV uptake across other markets through public-private partnerships