The Battery Subscription Facility is a conceptual financial instrument designed to address key barriers to electric bus adoption in India. The proposed mechanism would reduce upfront costs by 40-50% through a battery-as-a-service model, where the Facility would own batteries while bus operators subscribe to their use on a daily or per-kilometer basis. If implemented, this innovative approach would mitigate perceived technology risks, lower overall operational costs below diesel/CNG alternatives, and potentially reduce total cost of ownership by 13-16%. Structured as a Special Purpose Vehicle, this concept aims to support India’s climate goals with initial plans to pilot with 30 buses before potentially scaling to thousands of vehicles.

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