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What is your opinion on recent "Budget Announcement 2081", increase of Tax on Electric Vehicles?

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Brief details :-
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

Addition: RDF (Road Development Fund) and 13% VAT remains the same.

Stay tuned for updates about Rates of EV’s in Nepal.

आँपको राजधानीका रुपमा रहेको सिरहाको लहान नगरपालिका–१ स्थित स्थानीय किसानले बिक्रीका लागि राखेका आँप । फलफूलको राजा मानिने आँप यस क्षेत्रबाट काठमाडौँ, पोखरा, वीरगन्ज, विराटनगरलगायतका शहर तथा भारतीय बजारमा समेत जाने गरेको छ ।

,Nepal

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