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EVs uptake: Paving the path to a sustainable future for Nepal

In the first two months of the current fiscal year (FY 2023/24), Nepal has seen a substantial surge in the import of electric vehicles (EVs), marking a promising trend towards sustainable development and addressing the nation's critical trade deficit caused by an escalating petroleum import bill.
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2,494 EVs imported in two months of FY 2023/24

KATHMANDU, Sept 26: In the first two months of the current fiscal year 2023/24, Nepal has seen a notable influx of electric vehicles (EVs). In this period, a total of 898 four-wheeled EVs were imported, featuring various capacities. According to the Department of Customs, 255 electric cars, jeeps, and vans with a capacity of 50 kilowatts were imported, amounting to a total value of Rs 496 million.
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