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Global vs Sri Lanka EV Market Share (2024 H1)
A comparison of electric vehicle sales penetration in the global market versus Sri Lanka's new vehicle registrations.
Primary Sources
Electric vehicles hold 15% of Sri Lanka's brand new vehicle ...
Business As the world dashes towards electric vehicles (EVs), following the global transition towards zero-emission vehicles, the Sri Lankan market is still entangled in a bureaucratic red tape on brand new EV imports. Is Sri Lanka lost in its path towards a greener, efficient business model? Of the brand-new vehicle registrations in Sri Lanka as recorded recently, EVs hold 15% of the total market, according to leading market research. In the first half of 2024, the global electric vehicle market exceeded 7 million units. This comprised 17 percent of the global sales of light-duty vehicles. According to the International Council on Clean Transportation (ICCT) – a Washington-headquartered global think tank – China, Europe, The United States and India have collectively represented 86% of the global electric vehicle (EV) market in 2024 H1. ICCT in a 2024 review stated: “Domestic vehicle producers, such as VinFast in Vietnam and Togg in Türkiye, dominated EV sales, meanwhile a mix of legacy automakers and newcomers such as BYD dominated sales in other markets. BEVs also dominated sales in these markets, comprising 83% of EV sales in 2024 H1.” Despite the global trend Sri Lankan reception of EVs has been poor. Above all factors, Sri Lanka’s hybrid and EV market suffers heavy import restrictions, blocking the growth of the sector as well as limiting the sustainable future the country is expected to reach. EVs were first introduced to Sri Lanka in 2013. The tax structures for EV imports remained the usual system practiced for the Internal Combustion Engine (ICE) vehicles despite the technological difference of the two segments of automobiles. EVs continued to be taxed on motor capacity according to the guidelines imposed by Sri Lanka Customs. The ban on all vehicle imports in Sri Lanka, imposed in early 2020 and lifted by the Government with effect from 1 February 2025, further shrunk the emerging EV and hybrid vehicle market. Even though the high taxation on EV and hybrid imports was criticised, the taxing system adopted was not prominently taken for broad discussion by experts or policy decisionmakers until a BYD Atto 3 vehicle fleet encountered the problem being held up in Customs due to a ambiguous situation in import clearing criteria. Even though the authorities agreed to certain conditions and released a part of the vehicle fleet a little over a month ago, the issue still persists, and the system seems to be desperately needing deep review. The matter wa...
EVO by DIMO accelerates electric mobility with Siemens EV charging ...
The Power and Energy arm of DIMO has launched EVO by DIMO, a dedicated solutions platform designed to support the rapid development of Sri Lanka's electric vehicle (EV) charging infrastructure. ..
Xiaomi Electric Cars Hit the Market in Sri Lanka
Xiaomi Electric Cars Hit the Market in Sri Lanka Propelling into the realm of sustainable transportation, the Chinese technology giant Xiaomi is poised to create ripples in the automotive industry with the launch of its inaugural electric vehicle (EV).
Sri Lanka Exhibitions Calendar 2026 - 2027 | Asia Fairs | Expo Assist
Sri Lanka Fairs Calendar 2026 - 2027. You can review the current fairs, conferences and B2B events held in Sri Lanka country. You can find detailed information about Sri Lanka fairs and fair services on this page.
