Import of Electric Vehicles Rising

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Import of Electric Vehicles Rising
An electric vehicle manufactured by Hyundai.

November 27: The import of electric vehicles (EVs) has increased in the current fiscal year, thanks to the government policy to promote clean energy. The government has announced waiver of heavy customs duty on electric vehicles while charging stations are been installed in various places, propelling a rise in the import of such vehicles.

The import of electric vehicles in the first four months of the current fiscal year make up 24 percent of the total EVs imported in Nepal so far.

According to data provided by the Department of Transport Management (DoTM), Ekantakuna, a total of 701 EVs have been registered in Nepal so far. Out of them, 164 were registered in the current fiscal year alone.

The DoTM said most of the EVs imported to Nepal belong to South Korean companies Kia and Hyundai as well as India’s Mahindra.

People in Nepal have been attracted to EVs in the recent days due to cost effectiveness of such vehicles, besides being environment friendly compared to petrol/diesel engines.

The government has also adopted a policy to promote EVs in the context of Nepal producing more electricity.

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