Nepal Imports Electric Vehicles Worth Nearly NPR 14 Billion in First Seven Months of FY 2082/83

Kathmandu. In the first seven months of the current fiscal year 2082/83, Nepal imported electric vehicles (EVs) worth approximately NPR 14 billion. According to data published by the Department of Customs, Nepal imported electric cars, jeeps, and vans valued at over NPR 13.8477 billion from various countries worldwide between Shrawan and Magh.

The government collected NPR 8.46 billion in revenue from these imports. Customs data indicates that a total of 5,894 units of electric vehicles entered Nepal during this seven-month period.

• China's Dominance

Analyzing the country-wise import data clearly shows the dominance of the northern neighbor, China. Only from China, a total of 4,204 electric vehicles were imported during this period, with a total import value of approximately NPR 9.90 billion.

This accounts for more than 71 percent of the total imports. Chinese brand vehicles have become the first choice for Nepali customers due to their availability in various price ranges and modern technology. The government collected over NPR 6 billion in revenue from these vehicles imported from China alone, which is a large portion of the total revenue generated from EV imports.

• India Second, Thailand Following

After China, India is the second-largest exporter of electric vehicles to the Nepali market. In the first seven months of the current fiscal year, 1,263 electric vehicles were imported from India, with a total value exceeding NPR 2.65 billion.

Furthermore, EV imports into Nepal from Thailand, a Southeast Asian nation, have also been significant. During this period, 401 electric vehicles worth NPR 1.13 billion were imported into Nepal from Thailand.