Electric Vehicle Prices in Nepal (2026) – Full Price Revisions After FY 2083/84 Budget
Kushal Rajbhandari
· Jun 9, 2026
More Than 25 Electric Vehicle Prices Revised After Nepal's FY 2083/84 Budget – Complete Price Comparison
Last Updated: July 2026
Nepal's electric vehicle market has undergone one of its biggest pricing shake-ups in recent years. Following the Government of Nepal's FY 2083/84 budget announcement, most EV importers have revised their showroom prices to reflect the new tax structure.
The budget replaced the long-standing motor power (kW)-based taxation system with a value-based tax structure, affecting almost every electric vehicle sold in Nepal. While some affordable EVs have become significantly cheaper, many premium models have seen notable price increases.
As of today, more than 50 EV variants across multiple brands have received revised pricing, with additional announcements expected in the coming weeks. EV Nepal will continue updating this article whenever new official prices are announced.
Why Have EV Prices Changed?
The FY 2083/84 budget introduced a major change in the taxation of electric vehicles.
Instead of calculating customs and related taxes primarily based on motor power, the government has moved towards a value-based taxation model. As a result:
- Entry-level EVs have generally become more affordable.
- Mid-range models have experienced mixed changes.
- Premium EVs have become considerably more expensive.
The impact varies depending on each vehicle's invoice value, resulting in winners and losers across the market.
EV Price Comparison (Old vs New)
The following table includes official price revisions announced by authorized distributors.
| Brand | Model | Variant | Old Price | New Price | Difference |
|---|---|---|---|---|---|
| BYD | Atto 2 | Standard | Rs. 45,99,000 | Rs. 48,99,000 | + Rs. 3,00,000 |
| Deepal | S05 | Plus | Rs. 53,99,000 | Rs. 57,99,000 | + Rs. 4,00,000 |
| Deepal | S05 | Max (Black) | Rs. 59,49,000 | Rs. 62,49,000 | + Rs. 3,00,000 |
| Deepal | S05 | Max (Orange) | Rs. 59,99,000 | Rs. 62,99,000 | + Rs. 3,00,000 |
| MG | S5 EV | Luxury | Rs. 56,99,000 | Rs. 57,99,000 | + Rs. 1,00,000 |
| MG | S6 EV | Luxury | Rs. 69,99,000 | Rs. 71,99,000 | + Rs. 2,00,000 |
| Geely | EX5 | Pro | Rs. 59,00,000 | Rs. 62,00,000 | + Rs. 3,00,000 |
| Geely | EX5 | Max | Rs. 70,00,000 | Rs. 73,00,000 | + Rs. 3,00,000 |
| Jaecoo | J6 | RWD | Rs. 59,99,000 | Rs. 60,99,000 | + Rs. 1,00,000 |
| iCAUR | V23 | RWD | Rs. 46,99,000 | Rs. 49,99,000 | + Rs. 3,00,000 |
| Leapmotor | B10 | Premium | Rs. 59,50,000 | Rs. 54,50,000 | − Rs. 5,00,000 |
Note: Several brands including BYD, Tata Motors, Hyundai, Kia, Nammi and Mahindra are expected to revise or further update pricing. This table will be updated as official announcements are released.
Biggest Price Increases
Among the revised models, the following have seen some of the largest increases:
- Deepal S05 Plus: +Rs. 4 lakh
- Geely EX5: +Rs. 3 lakh
- iCAUR V23: +Rs. 3 lakh
- Deepal S05 Max: +Rs. 3 lakh
- MG S6 EV: +Rs. 2 lakh
- MG S5 Luxury: +Rs. 1 lakh
- Jaecoo J6: +Rs. 1 lakh
Premium EV buyers are expected to feel the biggest impact under the new taxation system.
Biggest Price Reductions
Some buyers have also benefited from substantial price cuts.
The biggest winners include:
- Skywell ET5 – Price reduced by up to Rs. 15 lakh
- Leapmotor B10 – Reduced by Rs. 5 lakh
- Suzuki e Vitara – Reduced by up to Rs. 5 lakh depending on the variant
These reductions make several models considerably more competitive than before.
What Should Buyers Do?
If you're planning to purchase an electric vehicle in Nepal, don't rely on old brochures or previous social media posts. Many vehicles are now priced very differently than they were before the budget.
Before booking your next EV, compare:
- Latest showroom price
- Battery size
- Real-world range
- Charging speed
- Warranty
- After-sales service
- Spare parts availability
- Total ownership cost
A model that represented excellent value before the budget may no longer be the best option today.
EV Nepal Will Keep This List Updated
This article will serve as EV Nepal's Live EV Price Tracker.
As soon as authorized distributors announce new prices, we'll update this page with:
- ✅ Latest official prices
- ✅ Previous prices
- ✅ Exact price difference
- ✅ Newly launched variants
- ✅ Budget-related tax changes
Bookmark this page and check back regularly to stay up to date with Nepal's rapidly evolving EV market.