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Is a controversial subsidy scheme setting India's EV dreams on fire?

Finshots Daily

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Introduction

Fame 2 has been one of the most beneficial subsidies to the EV industry. It helped dramatically lower E2W or electric vehicle prices by about 35%. In its fourth year, which is FY23, Fame 2 has been able to pull up overall EV sales by a whopping 153%, reaching 1.15 million units.

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