New EV Tax in Nepal 2026: Every EV Price Change
Key Takeaways
- Tax now scales with vehicle CIF value, not motor power
- Maxus MIFA 7 nearly doubled to Rs 2.45 Crore (+96%)
- BMW iX1 crossed Rs 3.3 Crore
- Leapmotor B10 & Suzuki e-Vitara got cheaper
Nepal's new EV tax has reshuffled electric-vehicle prices across the country. In the FY 2083/84 (2026/27) budget, the government scrapped the old motor-power-based duty and moved to a price/CIF-value-based system — and the effect is dramatic: premium, high-value EVs have jumped by as much as +96%, while several budget EVs have actually gotten cheaper.
If you're shopping for an electric vehicle in Nepal, here's exactly what the new EV tax changed and what every affected model costs now.
How the new EV tax works
Until mid-2026, Nepal taxed EVs mainly by motor peak power (kW) — a flat-ish slab system that kept even expensive EVs relatively affordable. The 2026/27 budget replaced it with a value-based structure: customs duty plus a "Green / Clean Infrastructure" fee tied to the vehicle's CIF (import) value, on top of VAT. Because the tax now scales with price, the market split cleanly in two:
- Expensive / high-power EVs — luxury sedans, big SUVs and MPVs — became significantly more expensive.
- Affordable EVs in the lower value brackets held steady or dropped.
EV prices that went UP
| Electric vehicle | Old price | New price |
|---|---|---|
| Maxus MIFA 7 | Rs 1.25 Cr | Rs 2.45 Cr |
| BMW iX1 | Rs 2.00 Cr | Rs 3.30 Cr |
| Geely EX5 Max | Rs 70 Lakh | Rs 73 Lakh |
| Geely EX5 Pro | Rs 59 Lakh | Rs 62 Lakh |
| MG IM6 | Rs 78.99 Lakh | Rs 81.99 Lakh |
| Deepal S05 (Plus → Max) | Rs 53.99–59.99 L | Rs 57.99–62.99 L |
| MG S6 | Rs 69.99 Lakh | Rs 71.99 Lakh |
| MG S5 (Luxury) | Rs 49.99–54.99 L | Rs 50.99–55.99 L |
| Proton e.Mas 7 | Rs 46.99–57.99 L | Rs 56.99–67.99 L |
| BYD Atto 3 (Advanced) | Rs 59.99 Lakh | Rs 61.99 Lakh |
| BYD Atto 2 | Rs 45.99 Lakh | Rs 48.99 Lakh |
| Chery iCAUR V23 | Rs 50.99 Lakh | Rs 53.99 Lakh |
The Maxus MIFA 7 is the poster child for the new EV tax — the luxury MPV nearly doubled from Rs 1.25 Crore to Rs 2.45 Crore, making it one of the most expensive EVs in Nepal. Premium models like the BMW iX1 (and its larger sibling the BMW iX3, also revised sharply upward) now sit well above Rs 3 Crore.
EV prices that went DOWN
Not everything got costlier. EVs sitting in the lower value brackets came out ahead:
| Electric vehicle | Old price | New price |
|---|---|---|
| Leapmotor B10 | Rs 60 Lakh | Rs 54.99 Lakh |
| Suzuki e-Vitara | Rs 49.99 Lakh | Rs 48.99 Lakh |
Not tax-related, but also revised
A couple of electric two-wheelers saw small revisions around the same time for exchange-rate/pricing reasons rather than the tax change: the Bajaj Chetak rose to Rs 3.50 Lakh and the Yadea E8S Pro to Rs 1.99 Lakh.
What the new EV tax means for buyers
If you were eyeing a budget EV, the timing is good — models under roughly Rs 55 lakh are largely unchanged or cheaper. If you had a premium EV on your shortlist, expect to pay materially more than the pre-budget sticker, and confirm the on-road figure with the distributor before booking. Prices on this site reflect the latest Nepal-distributor figures.
Frequently asked questions
Q: Why did EV prices change in Nepal in 2026?
A: The FY 2026/27 budget replaced Nepal's motor-power-based EV duty with a price/CIF-value-based tax, so higher-value EVs now pay much more while cheaper EVs pay less.
Q: Which EV increased the most under the new tax?
A: The Maxus MIFA 7 luxury MPV nearly doubled, from Rs 1.25 Crore to Rs 2.45 Crore (about +96%), and premium models like the BMW iX1 crossed Rs 3.3 Crore.
Q: Did any EV get cheaper after the new EV tax?
A: Yes. Budget-segment EVs such as the Leapmotor B10 (down to Rs 54.99 lakh) and Suzuki e-Vitara (down to Rs 48.99 lakh) became cheaper.
Q: Is Nepal's new EV tax based on price or motor power?
A: Price/CIF value. Nepal moved away from the old motor-power (kW) slabs to a value-based structure in the 2026/27 budget, which is why expensive EVs were hit hardest.
Q: Are these the on-road prices?
A: These are the latest showroom/ex-showroom figures from the official Nepal distributors. On-road prices vary slightly by province and registration; confirm with the dealer before booking.
