KATHMANDU: Electric vehicle adoption is rising in Nepal. In 2025, around 73 percent of new car sales were EVs. Tax benefits, low running costs, new technology, and better charging infrastructure have supported this growth. The trend has reached the Cabinet…

KATHMANDU: BYD has reported a drop in annual profits for the first time in four years, as aggressive price competition in China’s EV market impacts earnings. The company posted a full-year net profit of $4.72 billion, down nearly 20 percent…

KATHMANDU: Several major automakers are reassessing their electric vehicle (EV) strategies after spending nearly $70 billion on electrification programs that are now being scaled back. Changing policy conditions in the United States and slower-than-expected EV demand have forced companies to…

KATHMANDU: Nepal imported more than 10,000 units of cars, jeeps, and vans in the first eight months of the current fiscal year 2025/26 (mid-July to mid-March), according to data released by the Department of Customs Nepal. As of mid-March, total…

KATHMANDU: The list of electric vehicle (EV) brands slowing down in Nepal despite being officially available for sale continues to grow. While several brands entered the market with strong expectations over the past two years, many have struggled to sustain…