Key Performance Indicators
FY 2024/25 vs Prior Year
EV Units Imported (2024/25)
44,509 units
↑ 36.9% vs 2023/24
EV Import Value (2024/25)
43,932 M NRs
↑ 27.3% vs 2023/24
EV Customs Revenue (2024/25)
22,736 M NRs
↑ 55.2% vs 2023/24
EV Share of Total Vehicles (2024/25)
36.1 %
↑ from 31.2% in 2023/24
EV Share of Import Value (2024/25)
72.4 %
↑ from 71.3% in 2023/24
Import Volume Trends
Units Imported by Engine Type
EV vs Non-EV Import Volume (Units)
Annual vehicle imports by engine type. EVs have grown 15× since FY 2019/20 while non-electric imports declined sharply.
EV Market Share of Total Imports (%)
EVs now command over 36% of all vehicle imports by quantity — up from just 1.3% in FY 2019/20.
Import Value & Revenue
In Million Nepalese Rupees
Import Value by Engine Type (Million NRs)
EV import value surged to NRs 43,932M in 2024/25 — overtaking all non-electric segments combined and now representing 72% of total vehicle import value.
EV Customs Revenue Growth
Revenue from EV imports grew from NRs 517M (2019/20) to NRs 22,736M (2024/25) — a 44× increase in five years.
EV Import Deep Dive
By Vehicle Category & Country of Origin
EV Imports by Vehicle Type (2024/25)
2-wheelers and 3-wheelers dominate EV imports, followed by electric cars.
EV Origin Country Split (2024/25)
China dominates Nepal's EV imports at over 80% of all units. India is a secondary but significant source.
EV Growth by Vehicle Category
Micro-bus and mini-bus EVs show explosive growth, while 2-wheelers and 3-wheelers maintain high volumes.
Electric Car Imports by Country (Units)
China-origin electric cars surged from 236 units in 2019/20 to 10,216 in 2024/25. India dominates across all segments.
Electric 3-Wheeler & 2-Wheeler Imports (Units)
3-wheelers and 2-wheelers are the backbone of Nepal's EV revolution — critical for last-mile and urban mobility.
Revenue Efficiency & Cost Analysis
Value per Unit & Revenue Per Million NRs of Value
Average Import Value per EV Unit (NRs '000)
The average cost per EV fluctuates with vehicle mix shifts. As cheaper 2W/3W grow, average price per unit falls — increasing accessibility.
Revenue-to-Value Ratio by Engine Type (%)
EV customs revenue yield as a percentage of import value — shows how competitive customs policy is between EV and non-EV segments.
Country-Origin Share of EV Imports
Heatmap — Annual EV Units by Source Country
EV Import Quantity Heatmap by Segment × Country (All Years)
Each cell shows units imported. Deeper green = higher volume. Reveals which segments China vs India dominates and where growth is concentrated.
Country Share of EV Imports — 2024/25 by Unit
China's dominance in Nepal's EV supply chain. Concentration risk for policymakers.
EV Segment Share of Total EV Revenue (2024/25)
Where EV customs revenue actually comes from — electric cars contribute the highest per-unit revenue.
Key Policy Takeaways
For Policymakers, Planners & Development Stakeholders
🚀 Growth Signal
Nepal's EV transition is accelerating. From 2,940 units in 2019/20 to 44,509 in 2024/25, EV imports grew 15× in five years — demonstrating strong consumer and commercial demand despite infrastructure gaps.
💰 Revenue Impact
EVs are now a major customs revenue source. EV-related customs revenue reached NRs 22,736M in 2024/25 — exceeding total non-electric vehicle revenue. Policy must balance promotion with fiscal sustainability.
🏭 Supply Chain Risk
China accounts for 80%+ of all EV imports. This supply concentration poses geopolitical and trade risk. Nepal should consider diversifying sourcing and incentivising domestic assembly or regional partnerships.
🛺 Mobility Justice
3-wheelers and 2-wheelers lead EV adoption — together comprising 65%+ of all EV imports. These serve rural and urban last-mile transport. EV incentives should explicitly protect affordability for small operators.
⚠️ 2025/26 Dip
EV imports dipped in 2025/26 (39,358 vs 44,509). This may reflect import duty adjustments, credit tightening, or early-market saturation. Policymakers should monitor and sustain incentive structures to avoid demand shock.
🔌 Infrastructure Urgency
Rapid EV growth demands matching infrastructure. Import volumes suggest Nepal needs accelerated investment in EV charging networks, grid capacity, and battery service ecosystems to support the installed EV fleet.
🚌 Public Transport EV
Electric mini-buses surged from 3 units to 1,260 in 2024/25. This marks a tipping point for public transport electrification. Targeted subsidy and route-financing programs for EV transit operators can lock in this momentum.
🌿 Environmental Wins
Replacing ~44,000 annual non-EV vehicle imports with EVs could eliminate millions of tonnes of CO₂ over vehicle lifetimes. Nepal's hydropower advantage makes EV adoption uniquely impactful for net-zero commitments.