Don’t be fooled by electric car hype

With headlines like these, you might think that electric vehicles are competitive: China holds the keys to the electric car revolution –

“In the third quarter, global sales of electric vehicles (EVs) soared 63 percent”

–Business Insider

You might think your nation is way behind:

Australia debates value of electric vehicles while China pushes ahead

In 2017, 652,000 plug-in battery cars were sold in China, up 59 per cent, or almost half of worldwide sales.

–Sydney Morning Herald

But then there is this:

Tax incentives for electric vehicles were stopped in Hong Kong, and sales collapsed

Tesla car sales in Hong Kong fell from 2000 to just 300 cars in one year, a crushing indictment of their competitiveness and … No wait, it’s worse:

Data from Hong Kong´s Transport Department shows Tesla sales fell to just 32 between April and December 2017, a dramatic decline from the near 2,000 sales notched up over the same period of 2016.

The removal of tax incentives in Hong Kong almost doubled the price of some Tesla models.

In total, including non-Tesla models, just 99 electric cars were registered […]

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February 9, 2018 at 10:12AM

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