📈 Sri Lanka to be APAC's Fastest-Growing Electric 3-Wheeler Market

• The global electric 3-wheeler market is projected to grow from US$ 2.68 Bn in 2025 to US$ 3.85 Bn by 2032, registering a CAGR of 5.3%. • Asia Pacific is expected to be the largest market, with Sri Lanka specifically forecast as the fastest-growing country in the region. • Sri Lanka's high growth is driven by the increasing demand for green technology vehicles and the overall growth in sales of alternative fuel vehicles. Local manufacturers include SL Mobility and Ideal Motors. • The key market driver is the lower operational cost (e.g., in India, electric models cost approximately INR 1.28/km vs. INR 3.21/km for petrol). • Technological trends favour the mid motors segment (expected to hold over 93% market share) and the 5–8 kWh battery segment, which provides sufficient range (~80–90 km) for typical urban commercial use.