Nepal imports more EVs in new FY

Nepal imported 6,256 electric vehicles (EVs) during the first seven months of the current 2024-25 fiscal year, up 1.57 percent over the same period of 2023-24.

The EVs were worth 14.75 billion rupees (1.05 billion U.S. dollars), and a total of 9.08 billion rupees (64.7 million dollars) were collected in revenues, according to the Department of Customs.

China-made EVs accounted for 76 percent of the total imports, followed by India at 23 percent, the department noted.