• Mon. Dec 23rd, 2024

    Nepal imports majority of electric vehicles from China in new FY

    ByTrulyNews

    Dec 23, 2024
    Nepal imports majority of electric vehicles from China in new FY

    KATHMANDU, Dec. 22 (Xinhua) — Three quarters of electric four wheelers imported by Nepal during the first five months of the current 2024-25 fiscal year were from China, the Department of Customs said on Sunday.

    Nepal imported a total of 4,697 electric vehicles by mid-December and 3,590 of them came from China, accounting for 76.43 percent of the total, showed the department figures.

    The South Asian country has been witnessing a rapid rise in the import of electric vehicles in recent years, as the government has been promoting the use of hydropower in the country.

    A total of 11,701 electric vehicles were imported in the 2023-24 fiscal year, with 8,065 from China, according to the department.

    In contrast, 4,050 and 1,805 electric vehicles were shipped into Nepal in fiscal year 2022-23 and 2021-22, respectively.