EV wave in Nepal: Young Entrepreneurs Say – ‘This is just an Evolution, not a Revolution’ (video)
Summary
Nepal's electric vehicle sector is evolving with young entrepreneurs highlighting challenges like unstable policies, limited infrastructure, and reduced consumer trust slowing its growth despite promising potential.
Key Points
- Electric vehicle (EV) adoption in Nepal is progressing as an evolution rather than a rapid revolution.
- Young entrepreneurs cite unstable government policies and inadequate charging infrastructure as major hurdles for EV growth.
- Lack of consumer trust, awareness, and technical expertise limits market expansion, especially for electric two-wheelers.
- Battery recycling, auto loan complications for two-wheelers, and a weak resale market further slow the EV sector in Nepal.
