baas
EVs Explained? Dual Loans Cut Upfront Costs
In 2026, 62% of first-time EV buyers in India's tier-2 cities saved up to 40% on upfront costs by using dual-loan Battery-as-a-Service (BaaS) models. This approach separates the battery cost from the vehicle price, turning a large lump-sum into manageable monthly payments. By spreading the battery expense over