Budget 2022/23: Government Slaps Additional Excise And Customs Duty On EVs

The government has slapped additional excise and customs duty on electric cars. Hon. Finance Minister Janardan Sharma Poudel has increased both excise duty and customs through the budget of the Fiscal Year 2079/80 depending upon the electric motor power.The excise and customs on electric cars up to 100 kW capacity are the same as before i.e EVs up to 100 kW capacity only attract a 15 percent excise duty. However, EVs between 100 kW to 200 kW attract a 30 percent excise and 30 percent customs, EVs between 201 to 300 kW attract 45 percent excise and 45 percent customs, and EVs above 300 kW get 60 percent excise and 60 percent customs.