US, India to build payment security system to put 10,000 e-buses on roads
The United States and India announced plans to create a payment security mechanism that will facilitate the deployment of 10,000 Made-in-India electric buses in India.
This announcement came during Prime Minister Narender Modi’s three-day state visit to the US. The commitment will augment India’s focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying the global supply chain.
“President Biden and Prime Minister Modi underscored the importance of decarbonising the transportation sector, including by accelerating the deployment of zero emissions vehicles, continued collaboration to promote public and private financing for electric transportation, and the development of biofuels, including sustainable aviation fuels,” White House said in a joint statement released late on Thursday.
