Hydrogen fuel electric car makers in India claim $3.5 billion worth of incentives

India will give about $3.5 billion (about Rs. 25,735 cores) in incentives to automakers over a five-year period under a revised scheme to boost clean-tech vehicle manufacturing and export, two sources aware of the latest proposal told Reuters. The government’s original plan was to give around $8 billion (about Rs. 58,830 crores) to automakers and … Read more

Electric vehicles and hydrogen fuel cells could be boosted with India’s claim to renew incentives

India has revised its proposed $8 billion (about Rs. 58,400 crores) scheme for the automotive sector, which will now focus on encouraging companies to build electric and hydrogen-powered vehicles, two sources familiar with the project told Reuters. flat. This is a significant change from the government’s original plan to encourage auto and auto parts manufacturers … Read more

Amazon Partners with Affirm to Launch Buy Now Pay Later Service for US Customers

Shares in Affirm Holdings rose 43 percent on Friday after the company partnered with Amazon.com to make the buy now, pay later (BNPL) service available to some of the e-commerce giant’s customers. Marketed as an alternative to credit cards, BNPL services grew in popularity during the pandemic as consumers sought options that make shopping easier … Read more