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PM E-DRIVE carries relief to EV sector, yet is without FAME-level rewards Economic Climate &amp Policy News

.The recently introduced PM Electric Drive Transformation in Innovative Car Improvement (PM E-DRIVE) plan has actually carried alleviation to the electrical wheelchair industry, yet the rewards are actually less than what the Faster Adoption and also Production of Electric (As Well As Crossbreed) Autos (PROMINENCE) scheme used.The rewards across many power automobiles (EVs) have lost coming from a high of 85 per cent to 30 per-cent.The electric car (e-car) segment, which used to obtain an aid of around Rs 1.5 lakh, has been actually left out from the program.The step belongs to the Facility's attempts to gradually lower subsidies.