Nepal Imports Over 6400 EVs Valued at More than Rs 15 Billion in Eight Months

The current fiscal year has witnessed electric vehicle imports surpassing three times the figures from the same period in the previous fiscal year.The country has imported more than 6400 units of electric cars, jeeps and vans worth more than Rs 15 billion from mid-July 2023 to mid-March 2024 (Shrawan-Falgun) of the current fiscal year, According to the data published by the Department of Customs (DoC), 6,435 units of EVs (Electric Vehicles) were imported in the eight months of the current fiscal year.During these months, the nation brought in 2,746 electric vehicles with a capacity of up to 50 kW and 3,594 EVs with a capacity ranging from 51 kW to 100 kW. Similarly, Nepal imported 75 four-wheeler EVs with a capacity of 101 kW to 200 kW, and 20 EVs with a capacity ranging from 201 kW to 300 kW.The government spent more than Rs 15 billion on the import of electric vehicles, while it collected around Rs 6.9 billion in revenue. The current fiscal year has witnessed electric vehicle imports surpassing three times the figures from the same period in the previous fiscal year.Notably, a significant portion of these electric vehicles were imported from China. As per the Department of Customs, China leads with 3,969 imported EV units in eight months, followed by India with 2,380 units. Additionally, 42 EV units were imported from South Korea, 34 from Indonesia, 7 from Germany, and 3 from the United States.