KATHMANDU: Chinese battery manufacturer CATL has announced plans to begin mass production of sodium-ion batteries in 2026. The company says the technology will help reduce battery costs and lessen reliance on lithium-based raw materials. Speaking at the 2026 Equipment Powerhouse…

KATHMANDU: The new tax structure introduced in the Fiscal Year 2026/27 (2083/84) budget is likely to make electric cars more expensive in Nepal. Through the Economic Act 2026 (2083), the government has changed how EV taxes are calculated. Instead of…

KATHMANDU: The Gandaki Province government has fixed ride-sharing fares for two-wheelers and four-wheelers operating within the province. The fare rates were set by the Ministry of Physical Infrastructure Development and Transport Management following the implementation of ride-sharing regulations approved by…

KATHMANDU: Nepal’s automobile sector has once again been left assessing the impact of changes announced in the national budget. Finance Minister Dr. Swarnim Wagle presented the budget for fiscal year 2026/27 on Friday, keeping tax rates unchanged for most vehicles…

KATHMANDU: The Ministry of Finance has clarified the tax structure for electric vehicles (EVs) following confusion over the provisions introduced through the Financial Act 2026(2083). The government has replaced the previous excise duty on EVs with a new levy called…