KATHMANDU: Even though auto loan interest rates are low, people still need to make a large down payment to buy electric cars. Recently, NRB reduced the loan-to-value ratio for EVs from 80 percent to 60 percent. However, Jagdamba Motors, the…

KATHMANDU: Customs duties on electric vehicles (EVs) in Nepal are calculated based on motor power-just like engine displacement (cc) for petrol and diesel vehicles. To keep prices low, EV importers often opt for smaller motors, typically around 99 kW, to…