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Nepal’s EV revolution pays off as oil crisis causes pain at the pumps

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Nepal’s EV revolution pays off as oil crisis causes pain at the pumps Import subsidies, abundant hydropower and charging investments have spurred EV adoption, with electric vehicles now making up about three-quarters of new car sales Faced with long queues and eye-watering prices, filling up has been a painful experience for South Asia’s many self-employed drivers since the Iran war unleashed turm...
Nepal's EV boom offers several benefits beyond reducing air pollution and progressing towards net-zero emissions by 2045. By relying on hydropower rather than imported oil, Nepal can save foreign currency reserves from spikes in global oil prices and improve public transport with more comfortable journeys for passengers. However, challenges remain in the transition of larger buses to electric and upgrading the nation's electricity infrastructure to meet demand. The current oil crisis has demonst...