BMW iX1 Price Hike in Nepal Up by Rs 1.30 Crore Due to New EV Tax Policy
AI illustrationKey Takeaways
- The BMW iX1 eDrive20 in Nepal now costs Rs. 3,29,96,000, a significant increase of Rs. 1.30 crore due to the government's new EV taxation policy.
- The revised policy calculates taxes based on a vehicle's import value rather than motor output, impacting premium and luxury EVs.
- The BMW iX1 features a 64.78 kWh battery pack, offering a WLTP-certified range of 430-475 km and utilizing BMW's fifth-generation eDrive technology.
- The EV SUV produces 150 kW of power and 250 Nm of torque, accelerating from 0 to 100 km/h in 8.6 seconds with a top speed of 170 km/h.
- Price revisions for other BMW electric models in Nepal vary depending on their import value, reshaping the pricing landscape for high-end electric vehicles.
BMW iX1 eDrive20 Price Surge in Nepal Due to New EV Taxation Policy
The BMW iX1 eDrive20’s price in Nepal has seen a dramatic rise following the government's new electric vehicle (EV) taxation policy introduced in the fiscal year 2083/84. Laxmi Premium Motors, the official BMW distributor in Nepal, has updated the price of the BMW iX1 eDrive20 to Rs. 3,29,96,000, up from the previous Rs. 1,99,96,000—a significant jump of Rs. 1.30 crore.
This substantial increase is a direct result of the revised tax framework for electric vehicles. Under the new policy, taxes are now primarily calculated based on a vehicle’s import value rather than its motor output. This shift has particularly affected premium and luxury EVs, leading to notable price hikes across the segment.
The BMW iX1 is equipped with a robust 64.78 kWh battery pack, offering a WLTP-certified driving range of 430 km to 475 km on a full charge. It utilises BMW’s fifth-generation eDrive technology, delivering 150 kW of power and 250 Nm of torque. This fully electric SUV can accelerate from 0 to 100 km/h in 8.6 seconds and has an electronically limited top speed of 170 km/h.
In addition to the iX1, Laxmi Premium Motors has also adjusted the prices for other BMW electric models available in Nepal. The extent of the price increase varies depending on each model's import value.
Industry experts note that the new tax structure has significantly altered the pricing landscape for high-end electric vehicles in Nepal. Premium EVs are now considerably more expensive, and the BMW iX1’s recent price revision stands out as a prime example of the impact of the government’s updated EV taxation policy.