Government Shifts Customs Duty on Electric Vehicles from Peak Power to Value Basis

Kathmandu. The government has decided to levy customs duty on electric vehicles based on their value rather than the peak power capacity they were previously charged on.

Finance Minister Dr. Swarnim Wagle announced this while presenting the budget for the fiscal year 2083/84 in Parliament. He stated that a clean infrastructure investment fee will be imposed at the point of entry for such vehicles to encourage domestic production, charging station construction, and battery management.

He said, 'I have made arrangements to levy customs duty on electric vehicles based on their value instead of peak power capacity. A clean infrastructure investment fee will be imposed at the point of entry for such vehicles to encourage domestic production, charging station construction, and battery management.'