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PM E-DRIVE brings alleviation to EV market, but is without FAME-level incentives Economic Situation &amp Policy Headlines

.The recently announced PM Electric Travel Revolution in Innovative Motor Vehicle Enlargement (PM E-DRIVE) plan has taken relief to the electricity flexibility market, but the rewards are lower than what the Faster Adoption and Manufacturing of Electric (And Also Crossbreed) Automobiles (POPULARITY) program offered.The rewards all over several electricity vehicles (EVs) have actually lost coming from a high of 85 per cent to 30 per cent.The electricity car (e-car) sector, which utilized to acquire an aid of as much as Rs 1.5 lakh, has been left out coming from the system.The step belongs to the Centre's attempts to steadily minimize aids.