When Sri Lanka's vehicle import ban was finally lifted last month, he was elated -- but the joy was short lived as the vehicle of his dreams had more than doubled in price. "Owning a car has been ...

COLOMBO — Sri Lanka is banking on vehicle import taxes to boost revenue ... foreign exchange but the move deprived authorities of a lucrative revenue stream, as cars were taxed at about 300 percent.

Colombo: Sri Lanka is banking on vehicle import taxes to ... the move deprived authorities of a lucrative revenue stream, as cars were taxed at about 300 percent. Dissanayake said the ban's ...

Tesla owners are finding creative ways to distance themselves from Elon Musk. They are now removing Tesla logos from ...

A pricing dispute between Sri Lanka's state-run petroleum company and fuel distributors spurred long queues at gas stations ...

With up to 300% import duties applied to passenger cars pre-pandemic, Sri Lanka has missed out on significant tax revenues since the ban was introduced. Lifting the ban would help the government ...

Sri Lanka’s shift towards sustainable mobility is accelerating, driven by Evolution Auto, a pioneer in the electric vehicle (EV) space. Offering innovative solutions that prioritise ...