With fluctuating electricity tariffs and evolving technology, is an EV still a good buy? We analyze resale values, long-term viability, and the future of mobility in Sri Lanka.
Future-Proofing Your Garage
Buying a car is the second biggest investment for most Sri Lankans. Is an EV a safe bet?
Resale Value Trends
Unlike petrol cars which are subject to volatile global oil prices, EVs are maintaining strong resale values. The demand for used EVs is currently outstripping supply by 3:1 in the local market.
Energy Security
Solar energy is the future. Owning an EV insulates you from fuel shortages and price hikes. In a country like Sri Lanka, energy independence is financial freedom.
The Verdict
Yes. The global automotive industry has stopped developing combustion engines. Buying a petrol car today is like buying a Nokia in the age of the iPhone. It works, but its days are numbered.
