Hong Kong Accelerates Transition to Electric Vehicles: Towards Carbon Neutrality by 2050
Key Ideas
- Hong Kong aims to have 700 electric buses and 3,000 electric taxis on its streets by 2027.
- Over 60 percent of newly registered private cars in Hong Kong are now EVs, supported by tax concessions and an expanding charging network.
- The government has allocated HK$400 million for the Green Tech Fund to support R&D projects focusing on carbon emissions reduction.
- Various research projects approved under the Green Tech Fund include hydrogen fuel storage, renewable green hydrogen production, aqueous batteries, and noise-absorbing materials from recycled plastics.
Hong Kong is making significant strides in transitioning towards electric vehicles to achieve carbon neutrality by 2050. Environment Minister Tse Chin-wan announced at the ReThink HK forum the government's plans to introduce 700 electric buses and 3,000 electric taxis by 2027. With strong support, such as tax concessions and an expanding EV charging network, the city has seen a surge in EV adoption, with over 60 percent of newly registered private cars being electric. To further bolster the EV infrastructure, quick charging station facilities and petrol fuelling stations are being retrofitted. Additionally, HK$400 million from the Green Tech Fund will back research projects focused on reducing carbon emissions. Notably, Tse highlighted approved research ventures covering hydrogen fuel storage, green hydrogen production using renewable energy, aqueous batteries, and creating noise-absorbing metal materials from recycled plastics. The call to action for different sectors to collaborate and seize opportunities emphasizes the collective effort needed to achieve carbon neutrality.
Topics
Public Transit
Innovation
Sustainability
Electric Vehicles
Research And Development
Government Initiatives
Carbon Neutrality
Latest News