The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
When Will It Be Safe To Invest In The Stock Market Again?Wed Apr 19, 2023 6:41 amකිත්සිරි ද සිල්වා
Dividend AnnouncementsWed Apr 12, 2023 5:41 pmකිත්සිරි ද සිල්වා
MAINTENANCE NOTICE / නඩත්තු දැනුම්දීමThu Apr 06, 2023 3:18 pmකිත්සිරි ද සිල්වා
SEYB.N0000 (Seylan Bank PLC)Thu Mar 30, 2023 9:25 amyellow knife
The Korean Way !Wed Mar 29, 2023 7:09 amකිත්සිරි ද සිල්වා
In the Meantime Within Our Shores! Mon Mar 27, 2023 5:51 pmකිත්සිරි ද සිල්වා
What is Known as Dementia?Fri Mar 24, 2023 10:09 amකිත්සිරි ද සිල්වා
SRI LANKA TELECOM PLC (SLTL.N0000)Mon Mar 20, 2023 5:18 pmකිත්සිරි ද සිල්වා
THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)Mon Mar 20, 2023 5:10 pmකිත්සිරි ද සිල්වා
Equinox ( වසන්ත විෂුවය ) !Mon Mar 20, 2023 4:28 pmකිත්සිරි ද සිල්වා
COMB.N0000 (Commercial Bank of Ceylon PLC)Sun Mar 19, 2023 4:11 pmකිත්සිරි ද සිල්වා
REXP.N0000 (Richard Pieris Exports PLC)Sun Mar 19, 2023 4:02 pmකිත්සිරි ද සිල්වා
RICH.N0000 (Richard Pieris and Company PLC)Sun Mar 19, 2023 3:53 pmකිත්සිරි ද සිල්වා
Do You Have Computer Vision Syndrome?Sat Mar 18, 2023 7:36 amකිත්සිරි ද සිල්වා
LAXAPANA BATTERIES PLC (LITE.N0000)Thu Mar 16, 2023 11:23 amකිත්සිරි ද සිල්වා
What a Bank Run ?Wed Mar 15, 2023 5:33 pmකිත්සිරි ද සිල්වා
104 Technical trading experiments by HUNTERWed Mar 15, 2023 4:27 pmkatesmith1304
GLAS.N0000 (Piramal Glass Ceylon PLC)Wed Mar 15, 2023 7:45 amකිත්සිරි ද සිල්වා
Cboe Volatility Index Tue Mar 14, 2023 5:32 pmකිත්සිරි ද සිල්වා
AHPL.N0000Sun Mar 12, 2023 4:46 pmකිත්සිරි ද සිල්වා
TJL.N0000 (Tee Jey Lanka PLC.)Sun Mar 12, 2023 4:43 pmකිත්සිරි ද සිල්වා
CTBL.N0000 ( CEYLON TEA BROKERS PLC)Sun Mar 12, 2023 4:41 pmකිත්සිරි ද සිල්වා
COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))Fri Mar 10, 2023 4:43 pmyellow knife
Bitcoin and Cryptocurrency Fri Mar 10, 2023 1:47 pmකිත්සිරි ද සිල්වා
CSD.N0000 (Seylan Developments PLC)Fri Mar 10, 2023 10:38 amyellow knife
PLC.N0000 (People's Leasing and Finance PLC) Thu Mar 09, 2023 8:02 amකිත්සිරි ද සිල්වා
Bakery Products ?Wed Mar 08, 2023 5:30 pmකිත්සිරි ද සිල්වා
NTB.N0000 (Nations Trust Bank PLC)Sun Mar 05, 2023 7:24 amකිත්සිරි ද සිල්වා
Going South Sat Mar 04, 2023 10:47 amකිත්සිරි ද සිල්වා
When Seagulls Follow the TrawlerThu Mar 02, 2023 10:22 amකිත්සිරි ද සිල්වා
Re-activatingSat Feb 25, 2023 5:12 pmකිත්සිරි ද සිල්වා
SAMP.N0000 (Sampath Bank PLC)Wed Nov 30, 2022 8:24 amකිත්සිරි ද සිල්වා
APLA.N0000 (ACL Plastics PLC)Fri Nov 18, 2022 7:49 amකිත්සිරි ද සිල්වා
AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.Wed Nov 16, 2022 9:28 pmකිත්සිරි ද සිල්වා
Banks, Finance & Insurance Sector ChartTue Nov 15, 2022 5:26 pmකිත්සිරි ද සිල්වා
VPEL.N0000 (Vallibel Power Erathna PLC)Sun Nov 13, 2022 12:15 pmකිත්සිරි ද සිල්වා
DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.Mon Nov 07, 2022 6:36 pmකිත්සිරි ද සිල්වා
WATA - WatawalaSat Nov 05, 2022 8:44 amකිත්සිරි ද සිල්වා
KFP.N0000(Keels Food Products PLC)Sat Nov 05, 2022 8:42 amකිත්සිරි ද සිල්වා
Capital Trust Broker in difficulty?Fri Oct 21, 2022 5:25 pmකිත්සිරි ද සිල්වා
IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?Thu Oct 20, 2022 10:13 amකිත්සිරි ද සිල්වා
What Industry Would You Choose to Focus?Tue Oct 11, 2022 6:39 pmකිත්සිරි ද සිල්වා
Should I Stick Around, or Should I Follow Others' Lead?Tue Oct 11, 2022 9:07 amකිත්සිරි ද සිල්වා
DV-2024 Program: Online RegistrationThu Oct 06, 2022 11:26 amකිත්සිරි ද සිල්වා
Tile - SnapshotWed Sep 28, 2022 12:45 pmකිත්සිරි ද සිල්වා
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

+11
balapas
HUNTER
Ethical Trader
poor boy
slstock
Ukboy
chutiputha
yellow knife
nis2008
කිත්සිරි ද සිල්වා
nihal123
15 posters
Go down
avatar
Ukboy
Top contributor
Top contributor
Posts : 360
Join date : 2014-02-28

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 11:18 am
Message reputation : 100% (1 vote)
slstock wrote:Yes there are 2 sides to this problem.

Ukboy wrote:I think more than anything else Ravi K is looking every avenue to stop local money going out. Leaf is the unfortunate victim of it.
To be fair to him not many people wanted buy Leafs before 2015.
I'm sure things will change again but dont know when.
What he has done is something we desperately needed at the moment.
Personally this hike cost me some money. I lost an extra income generating way. But I'm pretty sure most of the guys who are shouting at this hike on facebook have no intention to buy a leaf or any other electric cars.
Hydrogen cells is the future of energy sources but no cars (well...except 1 or 2) available at the moment. Toyota will release a model next year but doubt Sri Lankans wiling to buy it because of the cost (Rs 13m+). I wouldnt pay over 5m for a Japanese car.


Last edited by Ukboy on Fri Nov 27, 2015 12:25 pm; edited 1 time in total
chutiputha
chutiputha
Top contributor
Top contributor
Posts : 1948
Join date : 2014-11-09
Age : 37
Location : SL

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 11:19 am
Message reputation : 100% (1 vote)
poor boy wrote:previous 5% tax was necessary to popularize the electric cars. but i do not think with that kind of tax govt can maintain road network and other infrastructure related to transportation. now electrics are popular to some extent ,so at some point govt need to increase the taxes. today i saw a news item which says nissan is going to manufacture mass market electric car ,so prices will come down. any way for the use of electric cars  charging station are still not available. therefore  govt should extend the low exercise duty for electric cars for another one year or two until  charging network is developed.

Dont u think about increasing Echo Friendly vehicles in the country and reduce other vehicle????
Ethical Trader
Ethical Trader
Top contributor
Top contributor
Posts : 5568
Join date : 2014-02-28

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 4:32 pm
Message reputation : 100% (2 votes)
Ukboy wrote:
slstock wrote:Yes there are 2 sides to this problem.

Ukboy wrote:I think more than anything else Ravi K is looking every avenue to stop local money going out. Leaf is the unfortunate victim of it.
To be fair to him not many people wanted buy Leafs before 2015.
I'm sure things will change again but dont know when.
What he has done is something we desperately needed at the moment.
Personally this hike cost me some money. I lost an extra income generating way. But I'm pretty sure most of the guys who are shouting at this hike on facebook have no intention to buy a leaf or any other electric cars.
Hydrogen cells is the future of energy sources but no cars (well...except 1 or 2) available at the moment. Toyota will release a model next year but doubt Sri Lankans wiling to buy it because of the cost (Rs 13m+). I wouldnt pay over 5m for a Japanese car.

I think that, Ravi has given into the strong lobby of other motor car vendors because their sales were affected due to this very low 5% tax. This is an unwise decision.
HUNTER
HUNTER
Top contributor
Top contributor
Posts : 1935
Join date : 2014-07-14

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 7:12 pm
Message reputation : 100% (1 vote)
Eco friendly guys,
I have a small question.

If the gov retained the tax level of electric cars at 5% but reduced all other cars' taxes also to the same level (5%) and reduce fuel prices also further, would you buy a normal car or an Eco-friendly car?
chutiputha
chutiputha
Top contributor
Top contributor
Posts : 1948
Join date : 2014-11-09
Age : 37
Location : SL

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 7:22 pm
For Me,Eco Friendly Vehicle.if the price is low as previous I love to buy Smile
HUNTER wrote:Eco friendly guys,
I have a small question.

If the gov retained the tax level of electric cars at 5% but reduced all other cars' taxes also to the same level (5%) and reduce fuel prices also further, would you buy a normal car or an Eco-friendly car?
avatar
balapas
Top contributor
Top contributor
Posts : 762
Join date : 2014-02-23
Age : 43

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 8:03 pm
Govt has a BOP issue. Why not allow paypal withdrawals to SL bank accounts? Pretty sure will help. There is always talk on this no action taken.
HAL9000
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 9:18 pm
Message reputation : 100% (1 vote)
balapas wrote:Govt has a BOP issue. Why not allow paypal withdrawals to SL bank accounts? Pretty sure will help. There is always talk on this no action taken.

Definitely a good idea. Many can start their own export business if this is allowed. We all can sell some of our used items as well. Very Happy
HAL9000
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 9:21 pm
Message reputation : 100% (1 vote)
කිත්සිරි ද සිල්වා wrote:We all should understand that during election times (anywhere in the World) The air is full of promises, but they are nothing but promises full of air only. Surprised

True, but raising electric vehicle taxes to the unacceptable level is one of the dumb decision in this budget. It is not only zero emission, but also minimize the pollution with discarded engine oil, gear box oil etc, and since we  import all our crude oil, in long run could have save considerable amount of foreign exchange. We know that Leaf vehicle selling was sometimes coupled with net metering solar power system as well. However with wide range of protest, this might be amended to an accepted level.
(P.S. Not to forget the tax rate of Electrical vehicle before January 08! So we just had a 10 month bliss is seems)


Last edited by HAL9000 on Fri Nov 27, 2015 9:31 pm; edited 2 times in total
HAL9000
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 9:25 pm
Message reputation : 100% (2 votes)
HUNTER wrote:Eco friendly guys,
I have a small question.

If the gov retained the tax level of electric cars at 5% but reduced all other cars' taxes also to the same level (5%) and reduce fuel prices also further, would you buy a normal car or an Eco-friendly car?
Razz Razz

Good point. Driving an electric car carries some cost and environment benefits as well as risks. Like we discussed in a previous thread, we have to pre plan our journeys if we use electric car and for long range trips this is not the option. Last week for the first time I saw a Nissan Leaf vehicle stopped middle of the road due to a dead battery. Many people electric car as their second vehicle for city limit rides while keeping a gasoline/hybrid vehicle for other trips. but when Electric car price go beyond the price of even a hybrid and gasoline vehicle all above benefits are viped out except environment friendliness.
Hawk Eye
Hawk Eye
Posts : 427
Join date : 2014-03-11

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Fri Nov 27, 2015 10:39 pm
Message reputation : 100% (1 vote)
Health issues and Traffic congestion are given free with the vehicle.

Pollution given to our children, our money given to Suddhas

First Guy
First Guy
Posts : 2599
Join date : 2014-02-22

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Sat Nov 28, 2015 12:39 am
Message reputation : 100% (3 votes)
I'll give the benefit of the doubt to chuti but most bought hybrids just to save on fuel and now leafs also for same reason. No one really cared about 'eco'.
They don't think about depreciation even.

Leafs were around for a while but only few were brave enough to try and they were 'rewarded'

like HAL said, many leaf owners use it as second car. So taxing the second car more logic also works Wink

but given the situation it is a bit stupid move. At the same time, as I said in earlier post, in the short term this would have had a heavy load on our national grid.
smallville
smallville
Top contributor
Top contributor
Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Sun Nov 29, 2015 9:17 pm
Message reputation : 100% (3 votes)
Ukboy wrote:I think more than anything else Ravi K is looking every avenue to stop local money going out. Leaf is the unfortunate victim of it.
To be fair to him not many people wanted buy Leafs before 2015.
I'm sure things will change again but dont know when.
What he has done is something we desperately needed at the moment.

You've given the correct answer UkB.. I was reading thru before writing and found yours..

Tru enuf GOVT's problem is foreign currency out. They tried to stop this by without interfering in dollar scene first but even though the prices up, still no slowing of vehicles. Mind you, 2015 is the year that brought so much of vehicles to SL.. Just go to the road in an odd time like 11-12 noon and see... still roads are congested.

Leaf was the cheapest Japanese car besides WagonR.. And looks better than WagonR hence it was a preference. Therefore Leaf was the unfortunate guinea-pig..

However, these things are only short term fixes.. If budget put in to practice in the correct manner, most probably by the next budget these will be removed as well.
HAL9000
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Sun Nov 29, 2015 10:39 pm
Message reputation : 100% (1 vote)
smallville wrote:
Ukboy wrote:I think more than anything else Ravi K is looking every avenue to stop local money going out. Leaf is the unfortunate victim of it.
To be fair to him not many people wanted buy Leafs before 2015.
I'm sure things will change again but dont know when.
What he has done is something we desperately needed at the moment.

You've given the correct answer UkB.. I was reading thru before writing and found yours..

Tru enuf GOVT's problem is foreign currency out. They tried to stop this by without interfering in dollar scene first but even though the prices up, still no slowing of vehicles. Mind you, 2015 is the year that brought so much of vehicles to SL.. Just go to the road in an odd time like 11-12 noon and see... still roads are congested.

Leaf was the cheapest Japanese car besides WagonR.. And looks better than WagonR hence it was a preference. Therefore Leaf was the unfortunate guinea-pig..

However, these things are only short term fixes.. If budget put in to practice in the correct manner, most probably by the next budget these will be removed as well.
In last few months, Leaf not only drained reserves but also didn't contribute the revenue of treasury as the duty rate was only 5%. So in Shortrun it didn't giva any good to government although long term benefits are there. Car Sales already started selling Leaf cars at hilariously high prices which they bought at low cost. Buying a vehicle is also like stock picking, correct timing is very important. Time to time duty rates changes so we should follow the trends when buying and selling vehicle. We know 2009-11 we had a low duty period, then came BoP issue and duty went up. Again came down by 2014-15 and now up. Soon the BoP issue settles, government will need the massive revenue from vehicle imports so that the duty rates will be slashed to promote buying. But regarding thecElectric Vehicle issue, I guess the decision would ammend sooner than later due to widespread protest. We'll wait and see.
First Guy
First Guy
Posts : 2599
Join date : 2014-02-22

ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද  - Page 2 Empty Re: ඉලෙක්ට්‍රික් කාර් මිල වැඩි කිරීම සාධාරණද

Tue Dec 01, 2015 9:17 am
Message reputation : 100% (1 vote)
If you are concerned about 'eco friendly' then can ask govt to give concessions for high fuel consuming old vehicle owners for swapping them for hybrid or electrics. Then pollution will reduce a bit.

But they won't buy these to save the environment but to save their pocket. (most)

but if no concession they will drive old high fuel consuming vehicles.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum