Sri Lanka has launched the first ever electric three-wheeler, a popular mode of public transport, keeping in line with the government's vision of creating a greener, healthier environment, media reports said here Thursday.
Minister of Development Strategies and International Trade Malik Samarawickrama, who launched the electric three wheeler in the country on Wednesday, said the government aimed to go electric in the near future and welcomed such investments, Xinhua news agency reported.
Sri Lanka last year pledged to reduce greenhouse gas emissions by 10 per cent in the transport sector by 2020.
The number of three-wheelers in Sri Lanka has increased eight-fold since 2000 and fuel consumption per person has increased from 90 liters to 150.
Sri Lanka's excise tax is now structured in a way that diesel and petrol vehicles are taxed at a higher rate, making hybrids and electric vehicles more attractive.
--IANS
rs/mr
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
