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Economy

Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.

May 19, 2026 at 4:22 AM

Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.

16 sources

Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure

Image Credit : newswire.lk

Technology

Image Source : autonews.com

Rising Fuel Costs Driving Consumers Toward EVs, Says BYD Executive.

May 13, 2026 at 12:44 PM

9 sources

Automotive

Image Source : epa.gov

The Vanishing Budget Vehicle: Why Finding an Affordable Car in the U.S. Is Becoming a Struggle.

May 12, 2026 at 11:09 AM

9 sources

Local News

Image Source : adaderana.lk

Vehicle Importers Warn of Impending Price Hikes Amidst Currency and Tax Pressures.

May 3, 2026 at 11:01 AM

8 sources

Middle East Conflict Sparks Global Surge in Electric Vehicle Adoption

Image Source : fortune.com

Technology•

April 27, 2026 at 5:27 AM

Middle East Conflict Sparks Global Surge in Electric Vehicle Adoption.

Escalating conflict in the Middle East has driven up global fuel prices, leading to a significant increase in demand for electric vehicles across countries like Australia, China, Vietnam, and South Korea as consumers look for cost-effective alternatives.

4 sources

Finance

Why Reduced Driving Won't Shield You from Rising Car Insurance Costs.

April 23, 2026 at 11:05 AM

While rising gas prices are forcing many Americans to drive less, experts warn that this reduction won't lead to significant savings on car insurance premiums due to inflating repair and parts costs.

15 sources

Economy

Image Source : usatoday.com

Surging Fuel Costs Force Ride-Hailing Drivers to Recalibrate Earnings Strategy.

April 18, 2026 at 9:55 AM

5 sources

Automotive

Image Source : cnbc.com

The Resurgence of the Sedan: Why Foreign Brands are Winning the Affordability War.

April 16, 2026 at 11:41 AM

17 sources

United States

Image Source : businessinsider.com

Rising Fuel Costs Weigh Heavily on American Economic Sentiment.

April 13, 2026 at 6:20 PM

9 sources

US Electric Vehicle Market Faces Sharp Q1 Decline Amid Intensified Tesla Dominance

Image Source : cbtnews.com

Technology•

April 10, 2026 at 9:26 AM

US Electric Vehicle Market Faces Sharp Q1 Decline Amid Intensified Tesla Dominance.

The US electric vehicle market experienced a 27% contraction in Q1 2026 as legacy automakers struggled with falling demand and the lack of federal subsidies. Tesla successfully maintained a 54% market share, bolstered by the strong performance of the Model Y.

9 sources

Business

Strategic Pivot: BMW and Mercedes-Benz Race to Revive Electric Vehicle Growth.

April 9, 2026 at 7:12 AM

Facing significant sales declines in the US and China, BMW and Mercedes-Benz are doubling down on new electric vehicle models in 2026 to regain market momentum amidst changing global political and economic landscapes.