India, Feb. 26 -- India's electric vehicle (EV) transition is entering a capital-intensive scale-up phase, but financing structures and infrastructure gaps could determine whether the country meets its 2030 electrification goals, according to a new report.

The report, titled 'Capital flows in India's electric transport sector', by the Institute for Energy Economics and Financial Analysis (IEEFA) estimates that India deployed about Rs 2,23,119 crore ($25.6 billion) in electric mobility between 2020 and 2025 across manufacturing capacity, government fiscal support and public charging infrastructure.

While substantial, this represents only about 18 per cent of the roughly Rs 12,50,000 crore required to achieve national transport electrific...