Business

PM E-DRIVE delivers relief to EV industry, however lacks FAME-level motivations Economic Situation &amp Policy Updates

.The recently revealed PM Electric Drive Change in Ingenious Lorry Enlargement (PM E-DRIVE) plan has delivered alleviation to the power mobility business, but the rewards are lower than what the Faster Adopting and also Production of Electric (And Also Hybrid) Autos (FAME) plan supplied.The rewards throughout a number of electric cars (EVs) have gone down from a high of 85 percent to 30 per-cent.The power auto (e-car) portion, which made use of to get an aid of up to Rs 1.5 lakh, has been excluded coming from the program.The action belongs to the Center's efforts to steadily minimize assistances.