Editorial | Nepal’s energy transition is incomplete if the middle class is left behind
Summary
Nepal faces economic challenges as fuel prices soar, impacting the middle class and urban poor, highlighting the need for inclusive electric vehicle adoption and economic diversification.
Key Points
- Fuel prices in Nepal have surged, threatening the economic stability of the middle class and urban poor.
- The conflict in West Asia risks reversing progress in human development and may push up to 33% of Nepal's population into poverty.
- Nepal leads globally in electric four-wheeler sales with over 70% being electric, but the transition is incomplete and excludes many.
- The government needs to expand EV infrastructure and provide subsidies to make electric mobility affordable for daily wage earners.
