Financing the EV transition is crucial for its success. This chapter explores various methods of raising capital and examines whether private domestic investment is flowing into the sector. It also evaluates the environment for foreign direct investment (FDI) and private domestic investment. The biggest challenge facing India's nascent EV industry is securing sufficient financing for this transformation. Funding is required at two levels: capital investment (availability and cost of capital) and vehicle financing for end users. Nearly 90% of commercial ICE vehicles (three-wheelers, trucks) are sold through financing, offering a potential model for EVs. SMEV suggests a green tax on ICE vehicles as subsidies phase out.