NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Nepal, a small Himalayan nation of 30 million better known globally for its mountains, including Mt Everest, and trekking tourism, is quietly setting an impressive benchmark in the electric vehicle transition. In recent months, about 70% of all new passenger vehicles sold in Nepal were electric. This statistic is remarkable, particularly given the common perception that EVs are primarily suitable for wealthy countries with advanced infrastructure and high purchasing power. Nepal’s experience proves otherwise, offering valuable lessons to policymakers and industry leaders worldwide.

Photo courtesy of Kindel Media.