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Fiscal Incentives under PM E-DRIVE Scheme Boost Electric Vehicle Adoption in India
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme has allocated Rs. 1,772 crore to incentivize the deployment of 24,79,120 electric two-wheelers (e-2Ws) by offering upfront purchase price reductions. These incentives, aimed at consumers, are reimbursed to Original Equipment Manufacturers (OEMs) by the Ministry