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Why Elon Musk says Hong Kong will be 'beacon city' for electric cars

2016-05-26 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Hong Kongs population density, efficient public transportation and general lack of space hardly provide incentive to buy a private car. High registration taxes on new vehicles up to 115% of the price portion above HK$500,000 (45,000) make anyone balk. The heavy levy is meant to reduce road traffic and street level emissions, which is the main contributor to the port citys air pollution. Yet, in the past two years, the city has seen a boom in registrations for new electric vehicles (EVs),...

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