While global attention often gravitates toward electric vehicle adoption in the U.S., Europe, and China, the small Himalayan nation of Nepal has quietly staged one of the most dramatic electric transitions in the world. According to a new report from The New York Times, 76% of all new passenger vehicles and 50% of light commercial vehicles sold in Nepal over the past year were electric—a figure nearly four times the global average.

The reasons for Nepal’s rapid electrification are as surprising as they are strategic. Following a 2015 fuel crisis with India, Nepal accelerated development of its hydropower infrastructure, capitalizing on the rivers that flow from the Himalayas. Today, nearly all of the country’s electricity is clean, domestic, and renewable, giving Nepal a rare energy advantage in the region.

Paired with aggressive import tax reforms—with EVs taxed as low as 40%, compared to 180% for internal combustion engine (ICE) vehicles—EVs have become not only cleaner but also cheaper. In many cases, an electric Hyundai SUV now costs less than its gasoline equivalent. Continue reading Nepal Quietly Becomes a Global Leader in EV Adoption, Surpassing 75% Market Share →