HONG KONG ELECTRIC VEHICLE MARKET

INTRODUCTION

The Hong Kong government, which acknowledges battery electric vehicles, plug-in hybrids, and conventional hybrid electric vehicles to be environmentally benign and eligible for financial incentives, actively supports the adoption of electric vehicles in Hong Kong.

The Hong Kong government is aggressively encouraging the use of electric vehicles, and it considers battery electric vehicles, plug-in hybrids, and conventional hybrid electric vehicles to be environmentally benign and deserving of financial incentives.

Pure electric, gasoline/diesel hybrid, and plug-in hybrid electric vehicles are the three main types of EVs available today. All three types of electric vehicles are acknowledged by the Hong Kong government as being ecologically beneficial and qualified for discounts. 

HONG KONG ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The Hong Kong Electric vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

HONG KONG ELECTRIC VEHICLE MARKET NEW PRODUCT LAUNCH

This year, BMW intends to launch an all-electric SUV in Hong Kong. This year, BMW will introduce at least three new electric vehicle models in Hong Kong.

At least three new electric car models will be introduced by BMW in Hong Kong this year as the German automaker strives to achieve its local sales goal of 50% battery-powered vehicles significantly earlier than its global target.

The iX "sports activity vehicle" and the i4 compact sedan were just introduced in Hong Kong, and later this year, the company expects to introduce the iX3 sports utility vehicle, i7 limousine, and iX1 compact SUV.

BMW Hong Kong Service will have fully electric vehicles in each of the major market sectors within the upcoming few months. "Every year, more electric products will enter the market, step by step."

BMW has been striking deals directly with chip makers in addition to purchasing from its usual sources, expecting supplies to improve over the course of this year despite difficulties brought on by the Covid-19 pandemic, such as chip shortages and logistics hiccups that have affected the auto industry.

HONG KONG ELECTRIC VEHICLE MARKETCOMPANY PROFILE

• Dang Ran Development Co.
• Xpeng Inc. and Li Auto Inc.
• Jaguar
• HUAWEI POWER SOURCE
• Tesla

HONG KONG ELECTRIC VEHICLE MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Hong Kong Electric vehicle market right now and how will it change in the next 5-6 years?
2. Average cost to set up an Electric vehicle market in Hong Kong?
3. How many Hong Kong Electric vehicle markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Hong Kong Electric vehicle market and key vendor selection criteria
6. Where is the Hong Kong Electric vehicle market  manufactured? What is the average margin per equipment?
7. Market share of Hong Kong Electric vehicle market manufacturers and their upcoming products
8. The most important planned Hong Kong Electric vehicle market in next 2 years
9. Details on network of major Hong Kong Electric vehicle market and pricing plans
10. Cost advantage for OEMs who manufactureTitle Namein-house
11. 5 key predictions for next 5 years in Hong Kong Electric vehicle market
12. Average B-2-B Hong Kong Electric vehicle market price in all segments
13. Latest trends in Hong Kong Electric vehicle market, by every market segment
14. The market size (both volume and value) of the Hong Kong Electric vehicle market in 2024-2030 and every year in between?
15. Global production breakup of Hong Kong Electric vehicle market, by suppliers and their OEM relationship