Should you "elect" to buy an electric car?

According to reports, Sri Lanka's current economic crisis started in 2019. The narrative doesn't begin there, though. While I won't go into Sri Lanka's entire history here, there are a few things we need to be aware of to put everything in perspective. Sri Lanka had a welfare state not so long ago. Following independence, the nation benefited from free job security, healthcare, and education provisions for nearly 30 years. Nevertheless, Sri Lanka chose an open economy in the late 1970s. They developed an open economy and started to rely mainly on trade. Being an island nation, imports would always be quite expensive, and exports would find it challenging to keep up. A country has a "trade surplus" when its exports exceed its imports and a "trade deficit" when the opposite is true. The former would indicate a profit for the nation (based only on foreign trade), whereas the latter would mean a loss. The nation's shift to a trade-based economy i...