Tax concessions on used electric cars Extend period to three years – VIASL

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By 2017-11-21

By Rathindra Kuruwita

The Government must consider extending the tax concessions given to electric vehicles from one year up to three years, President of the Vehicle Importers Association of Sri Lanka (VIASL), Ranjan Peiris said.

"If the Government needs to popularize electric cars, it needs to price them reasonably. They have given a concession of Rs 1 million duty on electric cars. Earlier, it was only for brand new cars, but now they have extended it to include cars used for a year. However, a car used for one year too is still very costly," he said.

He added that since the Government allows the import of fuel operated cars that have been used for three years, the same concession should be extended for electric powered cars as well.

Peiris also added that the VIASL has also sought a meeting with the Finance Ministry officials so that they can explain certain developments which have occurred and iron out differences.

"I think something needs to be done about the 1,500 cubic centimetres (cc) category hybrid cars. We think that it would be better if the Government did not increase the duty on that category because the 1,500 cc category hybrid vehicles are also used by hiring firms as well as for airport taxis in the tourism industry. So in a way, this 1,500 cc hybrid category propels a lot of industries," he said.

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