NEW DELHI, Nov. 6 -- The Centre is preparing a new financing scheme aimed at accelerating the adoption of electric trucks and buses, targeting one of the biggest bottlenecks in India's transition to green mobility-the lack of affordable credit for fleet owners.

The ministry of heavy industries (MHI) and the department of financial services (DFS) under the finance ministry have begun discussions on a new framework to support commercial electric vehicle (EV) financing, according to two people aware of the development. The plan follows recommendations made by NITI Aayog earlier this year and could involve incentives for lenders and structured guidelines for extending credit to buyers of electric commercial vehicles.

"Talks have started bet...