NITI Aayog & RMI India releases report 'Banking on Electric Vehicles in India' for priority-sector recognition of Electric Vehicles

NITI Aayog has released a report titled ‘Banking on Electric Vehicles in India’ on January 22, 2022, which outlines the need and importance of inclusion of Electric Vehicles in RBIs priority-sector lending guidelines.
The report has been developed by NITI Aayog in collaboration with US-based non-profit organisation Rocky Mountain Institute (RMI), and RMI India.
The report has indicated electric two-wheelers, three-wheelers, and commercial four-wheelers as early segments to prioritise under Priority Sector Lending.
Suggestion has also been made to recognise Electric Vehicles as an infrastructure sub-sector by the Finance Ministry and the incorporation of electric vehicles as a separate reporting category under RBI.
RBIs priority-sector lending mandate helps to improve the supply of formal credit towards areas of national priority.

Points to Remember:

The report ‘Banking on Electric Vehicles in India’ has been developed by which organisation?
Headquarter of Rocky Mountain Institute (RMI)?