KATHMANDU: Nepal’s Cabinet has decided that tree felling approvals for infrastructure projects will no longer require Cabinet endorsement, a move expected to speed up the implementation of major development projects. At its meeting on Thursday, the Cabinet approved a new…

KATHMANDU: Nepal Rastra Bank (NRB) has increased the maximum loan-to-value (LTV) ratio for large electric passenger vehicles used in public transport to 80%, making it easier for operators to purchase electric buses. The provision has been introduced through NRB’s directives…

KATHMANDU: Nepal’s sub-Rs. 5 million electric SUV segment is becoming increasingly competitive. Among the latest entrants, the BYD Atto 2 and Dongfeng Nammi 06 (Vigo) have quickly emerged as two of the most talked-about models. Both compact electric SUVs have…

KATHMANDU: Ferrari says it anticipated mixed reactions to the design of its first all-electric model, the Luce, but admits it did not expect the intensity of the criticism following the car’s debut in late May. In an interview with Edmunds,…

KATHMANDU: Electric vehicle sales in the US rebounded in the second quarter of 2026 as rising gasoline prices encouraged more consumers to choose electric cars. According to Cox Automotive, around 247,000 EVs were sold during the quarter, up 14.7 percent…