Nepal Transport Entrepreneurs Demand Stable EV Policy for 10 Years

Kathmandu. The Chairman of the Nepal Transport Entrepreneurs National Federation, Punya Prasad Sitaula, has demanded that the government create a stable policy environment for investment security in the electric vehicle (EV) sector that will not change for at least 10 years. Speaking at the inauguration ceremony of the 'Naima Nepal Mobility Expo' which began in Kathmandu, he stated that businessmen are suffering due to frequent policy changes with every change of government and employees, hence a long-term and just legal system is necessary. He expressed the view that a scientific study of routes and a survey of passenger numbers should be conducted before issuing permits for vehicles. He stated that the fare for public transport should be determined scientifically based on actual costs and reasonable returns, not on political grounds. He urged for a clear policy through a 'one-door system' as the private sector faces difficulties due to a lack of coordination between the federal and provincial governments regarding fares. He demanded that a policy be brought to compulsorily build charging stations at every petrol pump across the country to increase EV usage, and that the government should provide substantial subsidies for it. His statement was that the government should not only focus on expanding the tax base but also create an investment-friendly environment for expanding the charging network up to rural areas. He demanded strict control over the import of such materials, stating that the risk of accidents has increased due to the import of fake parts through open borders. He informed that discussions have also been held with the Finance Minister regarding providing concessions on the import of parts to systematize public transport vehicles. He emphasized that since the battery life and cost in electric vehicles are complex issues, there should be a clear arrangement regarding their safety and standards. Speaking at the program, Sitaula said, 'We are demanding a clear, stable, and just policy for electric vehicles from the government. First, there should be a stable policy environment and investment security for at least 5 to 10 years for businessmen investing in EVs. Second, permits should be issued after a scientific study of routes, passenger numbers, and required vehicles for operating public EVs.' He added, 'Fares should also be determined scientifically based on actual costs and reasonable returns, not by political decisions, and there should be a one-door policy between the federal and provincial governments. Third, the government should provide subsidies and incentives to expand safe and adequate charging networks nationwide.' Speaking about the problem of fake parts and batteries, he said, 'Fourth, arrangements should be made for batteries and necessary parts to be available easily and affordably. The import of fake and substandard parts must be controlled immediately. The biggest challenges for EVs are battery cost, safety, and lifespan. The government should create an environment to increase the confidence of investors and consumers by making clear standards and long-term policies for it.'