Starting from Budget Speech 2081, Nepal has implemented new tax rates for electric vehicles (EVs). These taxes are based on the power of the vehicle’s motor, measured in kilowatts (kW). Here’s how it works:
- For EVs with a motor power of 50kW, there’s a duty of 10% and no excise duty.
- EVs with a motor power of 100kW will face a duty of 15% and an excise duty of 5%.
- Vehicles with a motor power of 200kW will be subject to a duty of 20% and an excise duty of 15%.
- If the motor power is 300KW, the duty is 40% and the excise duty is 35%.
- And for EVs with a motor power above 300kW, the duty is 60% and the excise duty is 50%.
So, the more powerful the electric vehicle, the higher the tax rates it will incur. Budget Speech 2081
Budget Speech 2081:
| CC | PRESENT 2080 | NEW 2081 | ||
| Duty | Excise | Duty | Excise | |
| 50KW | 10.00 | 0.00 | 15.00 | 5.00 |
| 100 KW | 15.00 | 10.00 | 20.00 | 15.00 |
| 200KW | 20.00 | 20.00 | 30.00 | 20.00 |
| 300 KW | 40.00 | 45.00 | 60.00 | 35.00 |
| 300 KW Above | 60.00 | 60.00 | 80.00 | 50.00 |
Addition: RDF (Road Development Fund) and 13% VAT remains the same.
Stay tuned for updates about Rates of EV’s in Nepal. Click here.