Supportive Policies Fuels Nepal's EV Revolution
▸ Part of: Non-life Insurers in Nepal Exceed Rs 40 Billion in Business Growth
Nepal has become a leading country in EV adoption, with EVs comprising 73% of car sales in 2025, up from 8% in 2019, largely due to supportive government policies offering low import duties and taxes. The country's reliance on hydropower for energy production ensures clean power for EVs, contributing to environmental benefits and reducing fossil fuel imports. However, challenges remain regarding charging infrastructure availability, affordability, the skew towards personal automobiles, and the lack of a battery recycling mechanism.
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