Nepal has recorded a slowdown in electric vehicle (EV) imports during the first seven months of the current fiscal year 2025/26, indicating a possible moderation after few years of strong growth.
According to data received from the Department of Customs, a total of 5,894 electric four-wheelers—including cars, jeeps and vans—were imported during the review period. This marks a 6 per cent decline as compared to the same period in the previous fiscal year. A total of 6,256 units of four-wheeler electric vehicles were imported during the first seven months of the last fiscal year
The decline has been seen since the beginning of the current fiscal year. In value terms, the country spent around Rs. 13.84 billion on importing four-wheeler EVs in the first seven months of the current fiscal year 2025/26. The government had spent Rs. 14.74 billion for the import of 6,256 EVs during the first seven months of the last fiscal year. Similarly, two unassembled four-wheeler electric vehicles imported during the review period. Imports of three-wheeler electric vehicles have also declined. The country imported 5,069 three-wheeler electric vehicles worth Rs. 517.81 million in the first seven months of the current fiscal year.
A total of 6,346 units of three-wheeler electric vehicles were imported during the first seven months of last fiscal year 2024/25. During the review period, a total of 6,159 units of unassembled three-wheeler electric vehicles worth Rs. 634 million have been imported. Overall, the government collected Rs. 8.86 billion in customs revenue from the import of four-wheeler and three-wheeler electric vehicles in the first seven months of the current fiscal year.
