e-Magazine
News
Local News
International News
Industry
Reviews
Offers
Prices
Videos
More
Photos
Interviews
November 4, 2024
Home
News
Local News
International News
Industry
Reviews
Offers
Prices
Videos
Photos
Interviews
E-Magazine
Social Media
Weather Update
Local News
Budget 2021/22: Government Reduces Excise Duty On Hybrids
Budget 2021/22: Government Reduces Excise Duty On Hybrids
Team Nepal Drives
May 30, 2021
May 30, 2021
Nepal-Hybrid-Cars-Excise-Duty-Featured-Image
In an effort to promote electric and hybrid vehicles, the government has also reduced excise duty on hybrid cars. The
excise duty on electric vehicles
has also been completely waived in the budget of the Fiscal Year 2078/79 B.S. In addition, the government has also
reduced the customs duty on EVs
.
Earlier, excise duty was levied on plug-in hybrid and hybrid vehicles at different rates, but now 40 percent excise duty has been levied on both vehicles
. Earlier, hybrid vehicles were subject to 60 percent excise duty.The Financial Ordinance now states hybrids as "other vehicles, both compression-ignition internal combustion piston engines (diesel or semi-diesel) and electric motors, can be charged by plugging an external source of electrical power."
Published Date: 2021-05-30 12:17:46
#Hybrid
#Budget 2021/22
#Hybrid tax
Read more news
Ram Kishun Yadav Claims Rs 5 Lakh Cashback in CG Hero's Dashain and Tihar Promotion!
2024-10-30 17:42:00
Post Comments
popular Post
1
MAW Vriddhi Autocorp Inaugurates New Deepal Showroom in Bhaktapur
2
Hyundai Ioniq 5 Price Drop: Now Available at Rs 92.96 Lakh
3
Royal Enfield Electric Bike Spotted Ahead of Official Reveal on November 4
4
2025 KTM 390 Adventure Lineup Leaked Ahead of EICMA Debut
5
Omoda & Jaecoo International User Summit 2024: Ban Ki-moon Champions Sustainability as Two Nepalese Customers Join Global Dialogue
More News
Bajaj Introduces Exchange Program throughout Nepal
May 30, 2021
Leapmotor Sends First Shipment of C10 SUVs from China to the Asia Pacific Region, Including Nepal
May 30, 2021
MAW Vriddhi's Biggest Exchange & Test Drive Camp in Pokhara; Grab the Deepal S07 EV at a Pre-Budget Price of NPR 71,99,000!
May 30, 2021
Government and Private Sector Collaboration Needed for Electric Vehicle Infrastructure
May 30, 2021