Tesla market may said to be ideal in Hong Kong, just over 30 square miles, island is said to be small enough that will range the anxiety and is never a concern for it. In combination with the fact that the island has the biggest gasoline prices in the world, 30% more in the UK are customary to pay and tripling the US. a car that use no fossil fuel makes a perfect sense from an economic viewpoint. Economic factor favoring the electric cars in Hong Kong is that they are been exempted from a registration of a local fees which is said to be as high as 115% of MSRP. which means a base of the Tesla Model S cost as low as an entry level Mercedes C class in the city Hong Kong.
In charging infrastructure the local government has also invested heavily. Now a day there are more than 100 public stations charging scattered over the island. Been taken all the advantages to own an electric car and combining them together, no wonder the number of electric cars jumped from 100 in 2010 to more than 7,000 today as per the survey.
In the end of 2016, the environment of the Hong Kong protection department expects 4,500 hundreds of them will definitely be Tesla`s. By relating them, London, which is more like in size of Hong Kong is projected to have a total of 5,000 registered EV`s towards the end of the year. Its electric car is scheduled to be reviewed by the government in incentive program in March of 2017. The amount of assistance to the nascent electric car it is possible that the car market will be on the low level as a result of that review.
In Hong Kong Tesla is being seen every where, even if they cost more as the conventional car. Still it will be less expensive to operate. “ on the tax on EVs, if the government chose to implement a phase increase, that might make sense” a committee member John Bower of Charged Hong Kong, a participant group that promotes EV usage in the city. Hong Kong relates to be very savvy when it comes to automobiles. A pinnacle of technology is available today because of Tesla with the combination of high gasoline prices, tax incentives and other significant charging infrastructure. During the visit to Hong Kong last January Elon Musk to Hong Kong “a beacon city for electric users”. Which could be set as an example to the rest of the world.