KATHMANDU: As seen in previous years, Nepal witnessed a surge in electric vehicle (EV) imports just ahead of the budget announcement. According to customs data, a total of 2,746 units of electric cars were imported in May 2026 (between Baisakh…

KATHMANDU: The government has identified 14 major opportunities from the growing use of electric vehicles in Nepal. The opportunities are mentioned in a recently published study report prepared by a government task force. Nepal’s EV market has grown rapidly in…

KATHMANDU: The used car market in the Valley has slowed down significantly, with sellers increasing but buyers declining. Reconditioned houses are currently filled with vehicles, but demand remains weak. More than four dozen used car dealers are operating in the…

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…