In Sri Lanka, the US has partnered with VEGA to boost electric vehicles adoption

Global patterns in the EV market, growing fossil fuel prices, the availability of financing instruments, overall cheap transportation costs, comparably minimal maintenance requirements, and enthusiastic early adopters are the primary highlighted potential for promoting EVs in Sri Lanka. The primary issues noted by a study are handling the additional demand for electricity, poor driving range, higher car prices for high-ranged EVs, shortage of local technical skills, few options available to change the batteries, absence of charging infrastructure, regulatory frameworks, and environmental concerns about battery disposals. Sri Lanka, on the other hand, has received assistance to help popularize electric vehicles (EVs) in the nation.

The US has reaffirmed its commitment to promoting Sri Lanka’s economic growth and sustainable energy. Julie Chung, the US Ambassador to Sri Lanka, was present at a ratification ceremony for a deal that will provide VEGA Innovations with technical assistance to help them build Sri Lanka’s electric vehicle sector.

The agreement, which will be funded by USAID, will help VEGA Innovations’ efforts to encourage the uptake of electric vehicles, particularly electric “tuk-tuks.” It will also assist in the development of an electric vehicle charging network and the production of locally manufactured batteries and inverters.

USAID Sri Lanka’s Energy Program began in 2021 with the goal of assisting the country’s electricity industry in becoming market-based, secure, dependable, and sustainable.

“The United States supports researchers and innovators around the world who are testing new ideas, taking strategic risks, building proof of what works, and advancing the best options to some of the world’s most difficult development challenges. We are thrilled to cooperate with VEGA and other significant private sector enterprises in Sri Lanka to assist renewable energy innovation and growth,” said Julie Chung, the US Ambassador to Sri Lanka.

“We are thrilled with this opportunity to partner with the USAID Sri Lanka Energy Program, particularly at a time when alternative sources of energy are being explored in the country,” said Dr. Harsha Subasinghe of VEGA Innovations. Our multidisciplinary teams at VEGA Innovations have altered several industries throughout the years while bringing our homegrown products to the world. Now, via this united goal, we look forward to assisting our motherland’s growth journey while setting the route for a sustainable tomorrow for future generations

VEGA Innovations manufactures electric 2-wheelers, 3-wheelers, supercars, and EV chargers in Sri Lanka. It offers clients around the world EV research and development services, as well as manufacturing and designing EV components like high-performance inverters, battery packs, and drivetrains.

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