FILE PHOTO: Mahindra showcases its new electric vehicle, ATOM, at the India Auto Show in Greater Noida, India, February 7, 2018. REUTERS/Saumya Khandelwal/File Photo
NEW DELHI (Reuters) - India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract $14 billion of investment over five years, according to industry sources and a document seen by Reuters.
The country's efforts to promote EVs to reduce its oil dependence and cut pollution have been stymied so far by a lack of investment and weak demand, as well as the patchwork nature of existing incentives that vary from state to state.
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