Kathmandu, May 31
NADA Automobiles Association of Nepal has said that the government’s
policy to charge high customs duty and taxes on electric vehicles had created a
risk of wasting investment made in sales and maintenance business and charging
stations.
On the one hand, the government keeps on talking about policies of
promoting electric vehicles and on the other hand, desires to raise revenue
through the customs duty and other taxes on the products, said association in a
statement on Sunday.
“We were happy on the finance minister’s statement to promote electric
vehicles and offer tax discount on them. Due to the similar policies in the
previous years, many entrepreneurs had established workshops, charging stations
and sales showrooms,” it said. “But the government’s move against its own
previous policies has suddenly raised the price of the electric vehicles making
them dearer,” it added.
The increased taxation on the electric vehicles has increased their
price by almost two-fold.
It blamed the government that through its double-standard and uncertain
policies, the latter wanted to discourage the clean business.
It has also criticised the budget-provision that allows any company to
import vehicles by paying 30 per cent fines. “Such provision will result in
low-invoicing and there is also a risk of Nepal becoming a dumping site of
second hand vehicles,” it said.
NADA has recommended the government to ease the lockdown and facilitate
the industries to operate with the application of health and safety standards.
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