KATHMANDU: The government has removed excise duty on electric vehicles. The change comes through the Economic Act 2026, introduced to implement the budget for FY 2026/27. Finance Minister Dr. Swarnim Wagle announced a new tax structure. EV taxes will no…

KATHMANDU: The government has announced major policy changes for Nepal’s automobile sector through the budget for Fiscal Year 2026/27 (2083/84). The new budget focuses on electric mobility, tax reform and transport infrastructure development. EV tax now based on vehicle value…

KATHMANDU: Toyota Motor has halted development of the next-generation Lexus electric sedan as the company shifts focus towards SUVs and other high-demand vehicle segments amid slowing global EV sales. According to Nikkei Asia, Toyota has stopped plans for the production…

KATHMANDU: The government is presenting the budget for fiscal year 2026/27 today, May 28, 2026. The automobile sector is also closely watching the new budget, especially possible changes in vehicle taxation. Like previous years, the government is expected to revise…

KATHMANDU: SAIC Motor has launched the new MG 4X electric SUV in China with a semi-solid-state battery option. The company has set the starting price at 99,800 yuan (around $14,700), while a limited-time promotional price starts from $13,700. The MG…