KATHMANDU, July 22 -- Experts on Thursday stressed the importance of identifying suitable business models of electric vehicles (EVs) that could help catalyze investment at the local, regional, national, and supranational levels in this fast expanding segment of renewable energy use.

The experts expressed this view at a virtual workshop organized by USAID's Urja Nepal and its companion project, South Asia Regional Energy Hub (SAREH). The workshop observed a participation of 35 public and private agencies from Nepal, as well as regional and international experts who showcased multiple business models in use around the globe.

Nepal has targeted to switch to EVs by 2030. The government in its budget 2021/22 has also stated to waive import t...