The Nepal Government has also reduced the customs duty currently levied on electric vehicles import in Nepal. The customs duty has now levied at 10-40%. In the last year’s Budget Speech for FY 2077/78, former Minister Dr. Yuvraj Khatiwada had increased customs and excise duties on both Hybrid and Electric vehicles.
As of the new budget released, the government has completely waived the excise duty on electric vehicles and the customs duty on EVs has also been reduced based on the motor capacity of vehicles.
Here are what the new financial ordinance has stated tax for EVs in Nepal,
Electric Cars, Jeeps, and Vans (up to 100kW Capacity): 10%
Electric Cars, Jeeps, and Vans (100kW-200kW Capacity): 15%
Electric Cars, Jeeps, and Vans (200kW-300kW Capacity): 30%
Electric Cars, Jeeps, and Vans (above 300kW Capacity): 40%
