Opinion | Why Nepal needs an EV revolution
Summary
Nepal is experiencing a surge in electric vehicle adoption, signaling a transformative shift towards energy independence and environmental sustainability by leveraging its hydropower potential and adopting comprehensive policies.
Key Points
- Electric vehicles (EVs) have rapidly transitioned from niche to mainstream in Nepal, comprising 70% of four-wheel passenger vehicle imports in FY 2024-25.
- Nepal's abundant hydropower presents an opportunity to replace fossil fuels with clean electricity, enhancing energy security and reducing carbon emissions.
- The government should prioritize developing an EV-based public transportation system with supportive charging infrastructure along highways.
- Nepal should adopt open market policies with robust standards and avoid politicizing EV technology to ensure sustainable development and consumer protection.
