EV demand in Nepal is growing but so is cost

Rising fuel prices and supply uncertainty drive surge in bookings, while higher freight costs and dollar strength push EV prices up.

Escalating tensions in West Asia have begun reshaping Nepal’s automobile market, pushing consumers towards electric vehicles (EVs) amid fears of fuel shortages and rising prices. With demand surging, dealers say they are in no mood to roll out discounts for the upcoming Nepali New Year, which begins next week.