PM E-DRIVE carries relief to EV market, yet is without FAME-level incentives Economy &amp Policy Updates

.The recently revealed PM Electric Drive Revolution in Cutting-edge Auto Improvement (PM E-DRIVE) scheme has taken alleviation to the electricity range of motion field, but the incentives are lower than what the Faster Adoption and Manufacturing of Electric (And Also Crossbreed) Vehicles (FAME) program gave.The rewards across many electric vehicles (EVs) have gone down from a high of 85 per-cent to 30 per cent.The electric automobile (e-car) segment, which made use of to get an aid of around Rs 1.5 lakh, has been excluded coming from the scheme.The move belongs to the Facility’s attempts to slowly decrease aids.