India, Feb. 22 -- The Centre's soon-to-be notified electric vehicle (EV) policy reportedly plans to mandate foreign automakers to set aside only 5% of their total investment into the country towards creation of charging infrastructure.

As per draft rules seen by Reuters, the provision has been envisaged to ensure EV makers spend more on car manufacturing, rather than charging infrastructure. As such, if foreign automakers spend more than the 5% threshold, the additional deployment of funds will not be counted as their investment in the country.

"Expenditure incurred on charging infrastructure would be considered up to (a) maximum 5% of the committed investment," read the 47-page draft document dated January 2025.

For the uninitiated, t...