HighlightsBagmati Province FY 2083/84 introduces updated vehicle tax and exemption structure under the Economic Bill 2083EVs up to 50 kW face annual tax increase of NPR 1,500 (private) and NPR 1,000 (public)Tax rates for most other vehicles remain unchanged, signaling targeted fiscal recalibrationLicense application and...
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HighlightsRasuwa Customs Office found negligent in handling electric vehicle imports.A monitoring team formed by the Ministry of Finance uncovered procedural lapses.Some EVs were reportedly cleared based solely on documents before physically arriving at customs.13 officials, including the then office chief, face suspension and departmental action.Several...
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HighlightsNADA Automobiles Association of Nepal and traffic authorities have agreed to work together on road safety initiatives.The collaboration focuses on strengthening awareness, safer driving practices and public engagement.Road safety remains a major concern as vehicle ownership continues to grow across Nepal.The agreement reinforces NADA’s long-standing...
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HighlightsGandaki Pradesh is moving ahead with plans to print driving licenses on its own.The initiative is aimed at reducing long waiting times faced by license applicants.Provincial governments were authorized to handle license printing after federal approval.More than 3 million applicants have been waiting for licenses...
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HighlightsNAIMA Nepal Mobility Expo is scheduled for August 5 at Bhrikuti Mandap.NADA Auto Show 2026 will begin on August 19 at the same venue.The industry split follows the formation of NAIMA by former NADA leaders.Major brands have aligned themselves with different associations.Dealers face higher exhibition costs...
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HighlightsBYD has been added to a US Department of Defense list of companies allegedly linked to China's military.The designation does not immediately impose sanctions on the EV manufacturer.BYD says the claim lacks factual basis and rejects the military affiliation label.The company stated the designation will...
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HighlightsFIFA World Cup 2026 is accelerating investment in smart mobility solutions across the United States, Canada and Mexico.Hyundai Motor will deploy 994 passenger vehicles and 506 buses for tournament operations.Four customized Boston Dynamics Spot robots will support venue monitoring and security functions.Kia is supplying 660...
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HighlightsMorang Police has announced the auction of 202 motorcycles and scooters.The vehicles include old, seized and legally processed two-wheelers.A 21-day public notice has been issued to begin the auction process.Only licensed companies are eligible to participate in the bidding.Bid documents must be purchased within the...
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HighlightsNepal government has formed a committee to investigate 779 electric vehicles seized on suspicion of tax evasion.The move follows a directive from the Office of the Prime Minister and Council of Ministers.The committee includes representatives from the Ministry of Finance, Department of Customs, Nepal Police,...
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HighlightsBagmati Province has resumed registration of new public vehicles.The decision reverses a suspension that had been in place since May 21.Registration will continue under the previous system for now.Transport entrepreneurs had raised concerns over financial losses.The earlier halt followed a directive from the Department of...
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HighlightsNepal Government plans another amendment to its recently announced EV taxation framework.Finance Minister Dr. Swarnim Wagle says the Road Development Fee on EVs below Rs 5 million will be corrected.RDF expected to fall from 5% to 2.5% for vehicles priced under Rs 5 million.The change...
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HighlightsNepal will now calculate EV taxes based on vehicle value instead of motor powerThe policy was announced in the Fiscal Year 2026/27 national budgetFinance Minister Dr. Swarnim Wagle says the old system distorted the marketA new Green Tax replaces multiple existing customs-related chargesThe government also...
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HighlightsNepal has increased road construction and maintenance taxation linked to EV ownershipEntry-level EV buyers are expected to feel the biggest impactCustoms duty on smaller EVs already sits at 15%EV financing rules were tightened earlier through lower LTV limitsIndustry groups fear policy instability could slow market...
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HighlightsNepal is considering a simplified EV tax structure ahead of the 2026/27 budgetProposal could merge the current 51 kW to 200 kW categories into one tax slabCurrent system charges different customs and excise duties across motor power bracketsFinance Minister is expected to unveil the budget...
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Highlights2026 Beijing Auto Show sets global records with 380,000 square meters exhibition areaTotal of 1,451 vehicles displayed, including 181 debut models and 71 concept carsEvent draws 1.28 million visitors, including 65,000 overseas attendeesAI integration and intelligent driving emerge as core themes across automakersLevel 3 autonomous...
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HighlightsGovernment directive issued to enforce 45% student fare discountApplies to public transport operators nationwideInstruction targets strict implementation, not optional complianceFocus on student ID verification and fare regulationAims to ease daily commuting costs for studentsAuthorities warn against overcharging and refusalSignals tighter monitoring of transport syndicates and...
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HighlightsPublic transport fare revision demand intensifies across NepalFuel price surge identified as primary trigger behind pressurePassenger fares already increased by 16.71 percent in latest revisionDiesel up by Rs 40 per liter, petrol up by Rs 45 per liter in one monthElectric vehicles remain exempt from...
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HighlightsNepal Rastra Bank approval granted for issuing road toll payment cardsPush toward cashless toll collection system across highwaysFinancial institutions to lead card issuance and transaction ecosystemAims to reduce traffic congestion at toll plazasPart of broader digital payment infrastructure expansionSupports transport efficiency and revenue transparencyEarly-stage rollout,...
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HighlightsNepal government under pressure to tighten rules on Indian vehicles entering on day passesConcerns rising over misuse of temporary permits beyond intended durationTransport sector stakeholders flag revenue leakage and regulatory gapsFocus on stricter monitoring and enforcement mechanismsPotential impact on cross-border mobility and tourismPolicy revision discussions...
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HighlightsNepal Oil Corporation (NOC) reports a staggering 11 billion NPR loss in just over a month.Diesel prices rose from 91.88 NPR (Feb 16) to 242 NPR (Apr 1), yet NOC sells at 182 NPR, losing 120 NPR per liter.Petrol sales show a loss of 34...
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