Kulman Ghising Slams Budget's Green Tax on EVs, VAT on Electricity

Former Energy Minister Kulman Ghising has publicly challenged the government's latest budget proposals, sparking debate on their economic implications. He first criticized the imposition of Value Added Tax (VAT) on electricity, questioning its impact on energy self-reliance efforts. Ghising then highlighted the new green tax on electric vehicles, arguing it effectively brings their cost on par with traditional petrol vehicles. This policy, he contends, stifles the growth of domestic electric vehicle assembly and manufacturing industries. Investors in the energy and automotive sectors should monitor these policy discussions closely, as they could influence future market trends and consumer demand.

• Market Flash: Ex-Energy Minister Kulman Ghising warns new budget provisions on EV green tax and electricity VAT could derail energy independence and local EV industry. #SamacharSanjal #NEPSE #GoldPriceNepal #StockMarketNepal