KATHMANDU: The future of electric vehicles has been uncertain after the government increased tax for electric vehicles in the fiscal year 2020/21.
The future of over 356 unit vehicles for which the companies had forwarded the processes for their procurement has been on hold.
Currently, 112 unit vehicles demanded by various companies have arrived at the Custom Office.
Electric Kona 27 unit of Hyundai Motors, Kia Niro 27 unit and electric car of BYD among others have arrived at the Custom Office.
Many companies are currently facing problems as they have already received booking orders from customers.
Customers are not ready to afford higher price on the one hand while the companies will not be able to sell even if they bring the vehicles after clearing duty on the other.
The price of electric vehicle is likely to go up by 100 percent compared to the current price.
Earlier, the government was imposing 10 percent custom tax, 13 percent VAT and 4 percent road construction tax on electric vehicles.
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