Electric Vehicle Prices in Nepal (2026) – Full Price Revisions After FY 2083/84 Budget
Kushal Rajbhandari
· Jun 9, 2026
More Than 20 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, EV importers across the country have revised 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 vehicles across every price segment. While some affordable EVs have become cheaper, many premium electric vehicles have become significantly more expensive.
As of today, EV Nepal has confirmed 20 official price revisions across BMW, BYD, Deepal, Geely, iCAUR, Jaecoo, Leapmotor, Maxus, MG and Suzuki. More announcements are expected in the coming weeks, and this article will be updated whenever new official prices are released.
Why Have EV Prices Changed?
Nepal's FY 2083/84 budget introduced a major overhaul in the way electric vehicles are taxed.
Instead of calculating customs duty primarily based on motor power (kW), the government has shifted to a value-based taxation system.
As a result:
- Entry-level EVs have generally seen smaller increases or even price reductions.
- Mid-range EVs have experienced mixed changes depending on invoice value.
- Premium EVs have seen substantial price hikes.
Because taxes are now more closely tied to vehicle value, the impact varies significantly between models.
EV Price Comparison (Old vs New)
The following table contains official showroom price revisions announced by authorized distributors.
| Brand | Model | Variant | Old Price | New Price | Difference |
|---|---|---|---|---|---|
| BMW | iX3 | Standard | Rs. 1,99,96,000 | Rs. 3,29,96,000 | + Rs. 1,30,00,000 |
| BYD | Atto 2 | Standard | Rs. 45,95,000 | Rs. 48,99,000 | + Rs. 3,04,000 |
| BYD | Atto 3 | Advanced | Rs. 57,99,000 | Rs. 61,99,000 | + Rs. 4,00,000 |
| Deepal | S05 | Max | Rs. 59,99,000 | Rs. 62,99,000 | + Rs. 3,00,000 |
| Deepal | S05 | Plus | Rs. 53,99,000 | Rs. 57,99,000 | + Rs. 4,00,000 |
| Geely | EX5 | Max | Rs. 70,00,000 | Rs. 73,00,000 | + Rs. 3,00,000 |
| Geely | EX5 | Pro | Rs. 60,00,000 | Rs. 62,00,000 | + Rs. 2,00,000 |
| iCAUR | V23 | RWD | Rs. 50,99,000 | Rs. 53,99,000 | + Rs. 3,00,000 |
| Jaecoo | J6 | RWD | Rs. 68,99,000 | Rs. 69,99,000 | + Rs. 1,00,000 |
| Leapmotor | B10 | Premium | Rs. 59,99,000 | Rs. 54,99,000 | − Rs. 5,00,000 |
| Maxus | MIFA 7 | Standard | Rs. 1,25,00,000 | Rs. 2,45,00,000 | + Rs. 1,20,00,000 |
| MG | IM6 | Standard | Rs. 78,99,000 | Rs. 81,99,000 | + Rs. 3,00,000 |
| MG | S5 EV | Deluxe | Rs. 49,99,000 | Rs. 50,99,000 | + Rs. 1,00,000 |
| MG | S5 EV | Luxury | Rs. 54,99,000 | Rs. 55,99,000 | + Rs. 1,00,000 |
| MG | S6 EV | Luxury | Rs. 69,99,000 | Rs. 71,99,000 | + Rs. 2,00,000 |
| MG | Windsor EV | Essence | Rs. 44,99,000 | Rs. 46,99,000 | + Rs. 2,00,000 |
| MG | Windsor EV | Excite | Rs. 39,75,000 | Rs. 41,49,000 | + Rs. 1,74,000 |
| MG | Windsor EV | Exclusive | Rs. 42,49,000 | Rs. 44,25,000 | + Rs. 1,76,000 |
| Suzuki | eVitara | Base | Rs. 52,99,000 | Rs. 48,99,000 | − Rs. 4,00,000 |
| Suzuki | eVitara | Top | Rs. 64,49,000 | Rs. 59,49,000 | − Rs. 5,00,000 |
Note: This table includes official price revisions announced by authorized distributors as of July 2026. EV Nepal will continue updating this article as more brands announce revised prices.
Biggest Price Increases
The revised pricing has affected premium electric vehicles the most.
The largest increases include:
- BMW iX3 — +Rs. 1.30 crore
- Maxus MIFA 7 — +Rs. 1.20 crore
- BYD Atto 3 Advanced — +Rs. 4 lakh
- Deepal S05 Plus — +Rs. 4 lakh
- Deepal S05 Max — +Rs. 3 lakh
- Geely EX5 Max — +Rs. 3 lakh
- MG IM6 — +Rs. 3 lakh
- iCAUR V23 — +Rs. 3 lakh
Several other models, including the MG S6 EV, MG Windsor EV lineup and Jaecoo J6, have also seen moderate price increases.
Biggest Price Reductions
Not every EV has become more expensive.
The biggest beneficiaries of the revised tax structure include:
- Leapmotor B10 Premium — −Rs. 5 lakh
- Suzuki eVitara Top — −Rs. 5 lakh
- Suzuki eVitara Base — −Rs. 4 lakh
These reductions have made the Suzuki eVitara and Leapmotor B10 considerably more competitive in their respective segments.
What Should Buyers Do?
If you're planning to buy an electric vehicle in Nepal, don't rely on older brochures, YouTube videos or social media posts published before the FY 2083/84 budget.
Always compare:
- Latest official showroom price
- Battery capacity
- Real-world driving range
- Charging speed
- Warranty coverage
- Service network
- Spare parts availability
- Total cost of ownership
A vehicle that offered excellent value before the budget may no longer be the best choice today.
EV Nepal Will Keep This List Updated
This page serves as EV Nepal's live EV price tracker following Nepal's FY 2083/84 budget.
As more distributors announce revised pricing, we'll continue updating this article with:
- ✅ Latest official showroom prices
- ✅ Previous prices
- ✅ Exact price differences
- ✅ New variants
- ✅ Budget-related tax updates
Bookmark this page and check back regularly for the latest official EV prices in Nepal.