Hong Kong Eliminates Both Incentives And EV Sales In One Broad Stroke

Tesla CEO Elon Musk once described Hong Kong as a “beacon city for electric vehicles” due to its extremely high rate of EV adoption. He might have as well called it a “beacon city for Tesla” since most of those vehicles were Tesla’s, which held over 80% market share in Hong Kong’s EV market.

Now that EV market consisted of literally zero new registrations last month – hardly a “beacon city” anymore.

As previously reported, Hong Kong started an aggressive phaseout of its tax exemption for electric vehicles in April.

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TheSteve - 6/15/2017 1:41:35 PM

+6 Boost

So financial considerations still affect people's decisions? Go figure! ;-)

MDarringer - 6/15/2017 4:25:57 PM

+3 Boost

If the government has to bribe people to adopt a technology, the technology is not viable.