The electric future

There is a need for more clarity on policy and intent on the embrace of electric vehicles.

Electric vehicles (EVs) have taken the world by storm, and Nepal is no exception to this trend. According to the Department of Customs, in the first half of 2023-24, the country’s shift to EVs reached a record high, accounting for a third of auto import value. Thanks to their cost effectiveness and environment friendliness, even those who rely on petrol or diesel vehicles are now turning to EVs. Financial institutions are also supporting the EV trend, providing loans of up to 90 percent of the total cost of the vehicle.