FINANCIAL CHRONICLE – Sri Lanka may experience an increase in demand for electric and hybrid vehicles due to the rising fuel costs, according to a senior official from John Keells CG Auto, the local agent for BYD. This statement was made during the launch of the latest model of the popular electric vehicle in Colombo.
During the event, which marked the official unveiling of the BYD Sealion 8, a hybrid 7-seater SUV, John Keells CG Auto highlighted the current demand for electric vehicles (EVs) and anticipated further growth in customer interest. While the price of Brent crude oil has recently decreased to approximately 86 dollars per barrel after nearing 120 dollars earlier in the week, the market remains volatile. This volatility is attributed to the unpredictable situation in West Asia following the US-Israel attacks on Iran and the subsequent retaliation.
Electric and hybrid vehicles have already gained popularity in Sri Lanka, particularly after the economic crisis in 2022, which resulted in a significant fuel shortage. Given the ongoing fuel uncertainty, demand for these vehicles is expected to rise even further.
The BYD Sealion 8 is available in Premium and Dynamic models, featuring battery capacities of 35.6 kWh and a maximum power output of 359 kW. The Premium model is priced at Rs.34.9 million, while the Dynamic model is available for Rs.29.9 million. (Colombo/March 11/2026)
