KATHMANDU: The government’s shift from a motor power-based tax system to a CIF value-based structure is expected to change pricing for several electric vehicles.
With tax now linked to import value, there is growing interest in how upcoming models will be priced. Officials believe this will also push importers towards more transparent pricing.
“Earlier, prices were adjusted based on motor power. Now, tax is based on value. This makes it easier for customers to understand the actual import price of vehicles,” a Finance Ministry official said.
As the policy takes effect, attention has turned to new EVs expected in the Nepali market. Several hatchbacks are likely to fall in lower tax brackets, depending on their import value.
Proton e.Mas 5
Jagdamba Motors is preparing to launch the Proton e.Mas 5 in Nepal. It is a rebadged version of Geely’s Xingyuan (also referred to as Geome EX5 in some markets). The model has seen strong demand in China.
Its price in China ranges from around $8,500 to $12,600. If imported at around $10,300, it could attract lower tax under the new structure.
Tata Punch EV (Facelift)
Sipradi Trading is set to introduce the updated Tata Punch EV in Nepal. Since it is manufactured in India, currency fluctuation impact is expected to be minimal.
If Tata manages to keep the import value below Rs 2 million, the model could benefit from a lower tax slab. However, final pricing is yet to be confirmed.
Arcfox T1
The Arcfox T1 is another electric hatchback expected to enter the Nepali market. In China, it is priced between $3,700 and $12,100.
If the vehicle is imported at around $10,300, it is also likely to fall under a lower tax bracket.
Overall, these three EVs could benefit from the revised tax structure. However, final pricing will depend on the variants chosen and their declared import value. Importers have not disclosed detailed plans yet.
