Revised tax slabs threaten EV boom in Nepal
Importers say new levies could raise electric vehicle prices by Rs200,000 to over Rs10 million.
Importers say new levies could raise electric vehicle prices by Rs200,000 to over Rs10 million.
Multinational companies cite policy inconsistency, centralised decision-making and weak infrastructure as major barriers to investment.
Stakeholders say the government’s decade-long electricity production target cannot be met without reopening power purchase agreements, as thousands of megawatts of projects remain stuck amid policy uncertainty and procedural delays.
Government directed to revisit deal with India’s state-owned NHPC under which Nepal was to receive 21.9 percent free electricity from the 480 MW project.
As conflict in West Asia drives up petrol and diesel prices, those who depend on two-wheelers and public transport are bearing the heaviest burden — but the switch to electric remains out of reach for most.
Nepal allows EV retrofitting in principle, but missing standards leave converted vehicles stuck off-road.
Nepal needs 250,000 tonnes of fertiliser for paddy cultivation. Around 183,000 likely to be available.
The plan prioritises clearing pending PPAs, boosting energy exports and reforming the power sector, but draws criticism for lacking focus on domestic electricity consumption.
Newly appointed Energy Minister Biraj Bhakta Shrestha faces a host of longstanding challenges, including pressure from the private sector to open up electricity trade and power purchase agreements (PPAs).
Raw material costs surge by up to 40 per cent as industrialists fear imminent shortages.
Known for playing a key role in ending load-shedding, Kulman Ghising assumes responsibility for three ministries amid political turbulence.
India has approved increased electricity imports from 34 Nepali hydropower projects, expanding sales to Haryana and Bihar during the monsoon.
High demand fuels earnings for marigold, globe amaranth, and chrysanthemum farmers.
In comparison, Rs64.4 million worth of playing cards were imported during the same two months last fiscal year, yielding Rs40.4 million in revenue.
NEA projects earnings of USD 9.216 million annually from the electricity export deal.