BREAKING: Government Slaps Yearly Tax On Electric Cars

At a time when the Nepalese automotive industry is already reeling under a major slump, especially the electric car sector, the government has now announced yearly taxes for electric cars from the upcoming fiscal year. Electric car owners who enjoyed a yearly tax break from the government will now have to pay tax depending upon the motor capacity of their vehicle.This unprecedented move from the government is destined to have far-reaching consequences for the EV sector in Nepal. Yearly Tax Rates for Electric Cars in Nepal[table id=5 /]