Economy

EV imports surge as Nepal accelerates toward zero-emission goals

KATHMANDU: Nepal’s electric vehicle (EV) market is experiencing unprecedented growth, fueled by government incentives, rising consumer demand, and the country’s push to utilize domestically generated clean energy. According to the Department of Customs, only 575 EVs were imported in FY 2019/20. By FY 2024/25, imports had surged to 13,569...

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