KATHMANDU: Bangladesh has introduced a new incentive package aimed at accelerating electric vehicle adoption and plug-in hybrid growth. The policy is expected to reduce EV prices and attract new investment into the sector, according to Nikkei Asia. The government’s budget…

KATHMANDU: Hulas Auto Craft, under the Golchha Group, has expanded its business aggressively and recorded strong growth in the current fiscal year. The company’s turnover rose by 78 percent in the first nine months of the current fiscal year. It…

KATHMANDU: The government has announced plans to develop expressways, tourist highways, and a metro rail network as part of its infrastructure expansion program. Minister for Infrastructure Development Sunil Lamsal said the government will build two expressways to improve connectivity between…

KATHMANDU: The Koshi Provincial Government has introduced annual vehicle tax for EVs based on motor peak power. The federal government recently changed the EV taxation system for imports by introducing customs duty based on the Cost, Insurance, and Freight (CIF)…

KATHMANDU: Competition in Nepal’s electric vehicle hatchback segment is expected to increase with several new models preparing to enter the market. With the rising demand for electric cars, automakers are planning new launches ahead of upcoming auto shows. The hatchback…