Kathmandu, April 30 -- Despite the government's decision to reduce bank financing for electric vehicles (EVs) from 90 percent to 60 percent, Nepal experienced a 25.5 percent increase in EV imports during the first nine months of the current fiscal year, until mid-April.

Automobile dealers noted that while the impact of reduced financing is starting to show in sales, it has not yet resulted in a drastic decline. According to the Department of Customs, Nepal imported 10,036 units of commercial and passenger electric vehicles during the review period, valued at Rs24.75 billion.

In contrast, the country imported 6,268 units of gasoline-powered commercial and passenger vehicles, worth Rs9.89 billion.

Dealers say the earlier provision of 90 ...