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Nepal’s electric vehicle imports accelerate after tax cuts

februari 03, 2022by Reacties uitgeschakeld voor Nepal’s electric vehicle imports accelerate after tax cuts

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KATHMANDU, Nepal – According to Nepal’s Department of Customs,1,103 battery-powered cars worth Rs3.24 billion entered the country between mid-July and mid-January.

Electric car imports increased more than twentyfold in the first half of the current fiscal year. Auto dealers attributed the surge to government initiatives to eliminate excise duty and reduce customs duties to encourage domestic power consumption.

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