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