EV imports

More than 73% of all four-wheelers imported to Nepal in the past fiscal year were electric, the highest in the world after Norway. There were 16,701 EVs worth Rs41.23 billion imported,  compared to only 236 EVs five years ago. Electric two-wheeler imports are also increasing, with 11,320 units last year. However, the loan financing cap for EVs has been reduced from 90% to 60%, which hurts sales in the less expensive segments.