KATHMANDU: Chinese electric vehicle owners are replacing their cars sooner than they upgrade their smartphones, reflecting the rapid pace of innovation in the country’s EV market, writes Bloomberg. According to a report by the China Association of Automobile Manufacturers (CAAM)…

KATHMANDU: Passenger car imports remained subdued this year due to the absence of major tax hike rumors ahead of the budget announcement. In (Baisakh) mid-April to mid-May, the first month of the Nepali New Year, Nepal imported a total of…

KATHMANDU: Electric vehicles made in China are becoming increasingly common on Nepal’s roads. Their presence is especially strong in Kathmandu Valley and other urban areas. The Nepali market has seen rapid growth in EV adoption in recent years. More than…

KATHMANDU: The European Union is planning to introduce a new “Made in Europe” small electric car category to support regional automakers amid rising competition from affordable Chinese EVs. Under the proposal, small electric cars built in Europe and below a…