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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.
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.
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.