The Vehicle Importers Association of Lanka (VIAL) President Indika Sampath Merenchige said that the decision to lower the import duty of electric cars from 50% to 5% by President Maithripala Sirisena was a step taken in the right direction.
Electricity cars save energy and are also environmental friendly and hence they should be encouraged by the government over other vehicles. "We are happy that the government has understood this advantage and we thank them for this decision that would be advantageous to the vehicle import industry.
He said, however, that the prices of electric cars would increase slightly because of the revised valuation system. "Therefore an electric car would cost at least Rs. 2.8 million,"
During a cabinet meeting on Wednesday , President Maithripala Sirisena had re adjusted this tax increase.
Meanwhile Cabinet Co Spokesperson Minister Gayantha Karunathilake said the government had decided not to increase import tax on electric cars because of numerous requests by various individuals. "As a responsible government which considers people's opinions, we decided to withdraw the proposal," he said. The Minister also said the Cabinet had decided not to impose the increased import tax introduced in the Budget 2016 for all cars for which Letters of Credit (L/C's) had been opened before November 20.
www.dailynews.lk
Electricity cars save energy and are also environmental friendly and hence they should be encouraged by the government over other vehicles. "We are happy that the government has understood this advantage and we thank them for this decision that would be advantageous to the vehicle import industry.
He said, however, that the prices of electric cars would increase slightly because of the revised valuation system. "Therefore an electric car would cost at least Rs. 2.8 million,"
During a cabinet meeting on Wednesday , President Maithripala Sirisena had re adjusted this tax increase.
Meanwhile Cabinet Co Spokesperson Minister Gayantha Karunathilake said the government had decided not to increase import tax on electric cars because of numerous requests by various individuals. "As a responsible government which considers people's opinions, we decided to withdraw the proposal," he said. The Minister also said the Cabinet had decided not to impose the increased import tax introduced in the Budget 2016 for all cars for which Letters of Credit (L/C's) had been opened before November 20.
www.dailynews.lk
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