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PM E-DRIVE brings comfort to EV industry, however is without FAME-level motivations Economic Climate &amp Policy Headlines

.The recently introduced PM Electric Travel Change in Impressive Vehicle Enlargement (PM E-DRIVE) program has actually taken comfort to the power flexibility industry, yet the rewards are actually less than what the Faster Adoption and also Production of Electric (And Hybrid) Cars (FAME) program offered.The rewards around a number of electricity autos (EVs) have actually fallen coming from a higher of 85 percent to 30 per cent.The power auto (e-car) portion, which used to acquire an assistance of approximately Rs 1.5 lakh, has been excluded coming from the program.The technique is part of the Centre's efforts to slowly lessen subsidies.