Nepal Government again hits the EV market by imposing Annual tax

Nepal Government shook the entire EV markets again by imposing an annual fee on electric vehicles along with the hike in tax amount. Starting from tomorrow this new taxation policy will come into an effect.

The new annual tax fees are levied as per to the capacity of the vehicle you can see below how the taxes will be levied:

So as we can see different rates of tax imposed on both cars and bikes/scooters.