News

Lumbini Province offers up to 50% tax discount to boost EV adoption

KATHMANDU: The Lumbini provincial government has continued its policy of promoting electric vehicles (EVs) by providing discounts on annual vehicle tax for the upcoming fiscal year. According to the Economic Bill 2026 (2083), electric vehicles registered for rental services will…
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Bagmati Province hikes annual tax on small EVs

KATHMANDU: The Bagmati Province government has increased the annual vehicle tax for small electric vehicles. The move comes through the Economic Bill 2026 (2083). The province has increased the annual tax for four-wheeler EVs with motor capacity up to 50…
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Ministry clarifies EV tax structure, details new calculation formula

KATHMANDU: The Ministry of Finance has clarified the tax structure for electric vehicles (EVs) following confusion over the provisions introduced through the Financial Act 2026(2083). The government has replaced the previous excise duty on EVs with a new levy called…
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EV tax rumors roil buyers and importers ahead of budget

KATHMANDU: Discussions about possible tax changes on electric vehicles have started creating confusion in Nepal’s automobile market ahead of the upcoming budget announcement. In recent days, reports and rumors about EV taxes have been spreading on social media and in…