The recently announced PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program has brought relief to the electric mobility sector, but the incentives are lower than what the Faster Adoption and Manufacturing of Electric (And Hybrid) Vehicles (FAME) program offered.
Incentives for various electric vehicles (EVs) have dropped from 85 percent to 30 percent.
The electric car segment, which previously received a maximum subsidy of Rs 1.5 lakh, has been excluded from the scheme.
The measure is part of the Center’s efforts to gradually reduce subsidies