Surging Fuel Prices Drive Demand for Electric Two-Wheelers in Nepal

Kathmandu. The demand for electric two-wheelers in the market has surged significantly due to rising petroleum prices. The impact of increased global fuel costs, exacerbated by geopolitical conflicts in West Asia, has heightened the appeal of electric two-wheelers. Stakeholders note that the demand for electric scooters, in particular, has been overwhelming. Before the rise in fuel prices, customers were rarely seen in the market. Now, there is a rush of inquiries. Umid Shrestha, Director of Kuju Nepal, the official distributor for Yadea two-wheelers, states that sales have doubled compared to the past. The demand for mid-range scooters is so high that EV...