KATHMANDU: Nepal’s electric vehicle (EV) market has witnessed massive changes in customs and excise duties between 2014 and 2025, reflecting the government’s evolving strategy to promote sustainable transportation. In the fiscal year 2014/2015, customs duties on EVs were set at…

KATHMANDU: Finance Secretary Ghanashyam Upadhyay has expressed concern over the private sector’s limited role in innovation in the automobile sector. Speaking during the ‘Innovative Mobility for Economic Development’ session in the NADA Auto Dialogue organized recently by the by the…

KATHMANDU: Nepal imported nearly 8,000 electric vehicles (EVs) in the first nine months of the current fiscal year 2024/25. According to the latest data from the Department of Customs, the country imported 7,967 units of electric cars, jeeps and vans…

KATHMANDU: Electric vehicles (EVs) are gaining widespread adoption as the world accelerates its shift toward green energy. Nepal is also experiencing rapid EV adoption with penetration reaching an estimated 65–70%. Beyond their environmental advantages, EVs are proving to be more…

KATHMANDU: Nepal is witnessing a steady decline in the import of internal combustion engine (ICE) cars as new electric vehicles (EVs) flood global markets. With EV imports growing with every passing month, the second-hand EV market is also beginning to…