Sri Lanka will cut taxes on electric cars by one million rupees and also cut taxes on buses, Finance Minister Mangala Samaraweera said.
Tax cuts will also be cut for electric three wheelers.
The Minister noted that substandard vehicles will not be imported to the country while proposing that 50 electric buses will be purchased in future.
Small car taxes will be cut. Cars above 2,500 will be taxed 2.5 million rupees.
Diesel three wheelers will be taxed 50,000 rupees more.
Facility to re-export three fossil three wheelers.
A carbon tax will be imposed on new vehicles in daily basis – Motor cycles (17 cents) – cars (Rs.1.78) – bus (Rs. 2.74)