The global automotive industry is rapidly transitioning from traditional petrol and diesel vehicles to electric alternatives. This trend is particularly prominent in developed countries, where the adoption of electric vehicles is accelerating.
As we look ahead to 2040, it is foreseeable that a substantial proportion of vehicles on roads worldwide will be electric. This shift is expected to significantly reduce the demand for petrol and diesel, marking a pivotal moment in the history of the automotive industry.
For Sri Lanka to accelerate its economic development, the immediate adoption of electric vehicles as the primary mode of transportation is not just important, it’s urgent.
This transition is not only crucial for Sri Lanka but also for all developing nations heavily reliant on traditional petrol and diesel vehicles.
The shift to electric vehicles will not only reduce our dependence on fossil fuels but also contribute to a cleaner and more sustainable environment for future generations.
Given the current circumstances, Sri Lanka can easily make this decision due to the complete cessation of vehicle imports. The country can now proceed by allowing only the import of electric vehicles, aligning with its efforts to promote sustainability and reduce carbon emissions.
The cost of petrol and diesel is wholly gone
A substantial portion of Sri Lanka’s foreign exchange reserves is used to import petrol and diesel, which significantly impacts the country’s economy. Transitioning to electric vehicles presents the most effective solution to curtail this expenditure and bolster the nation’s financial stability.
This long-term endeavour cannot be completed in a single day. However, if we initiate the process as soon as possible, we can aim to achieve success by 2040.
Compared to many other countries worldwide, Sri Lanka has a relatively low density of vehicles on its roads. This unique characteristic makes achieving a specific status or goal related to transportation and infrastructure more feasible and less challenging.
Due to its small size, Sri Lanka is well-suited for the use of electric vehicles. Their limited range of about 250 km on a single charge is sufficient for local travel. This makes it advantageous for the general population to invest in electric vehicles, as they are both practical and affordable for everyday use.
When considering the expenses associated with driving a vehicle, it’s essential to account for the costs of petrol or diesel. By effectively managing and reducing these fuel expenses, individuals can alleviate the mental stress from financial pressure.
It is imperative that the current government fully comprehends the complexity of this situation. Taking decisive action without delay will help alleviate the mounting economic strain on the Sri Lankan economy and ease the financial burden on the people, thereby fostering stability and growth.
