BREAKING: Government Slaps Yearly Tax On Electric Cars

At a time when the Nepalese automotive industry is already reeling under a major slump, especially the electric car sector, the government has now announced yearly taxes for electric cars from the upcoming fiscal year. Electric car owners who enjoyed a yearly tax break from the government will now have to pay tax depending upon the motor capacity of their vehicle. This unprecedented move from the government is destined to have far-reaching consequences for the EV sector in Nepal.  Yearly Tax Rates for Electric Cars in Nepal [table id=5 /]