Electric vehicles in Hong Kong may indirectly be the cause of almost 20 percent more carbon dioxide emissions than gasoline-fueled motors, undermining the city’s efforts to get ‘green’ cars on the road, according to Sanford C. Bernstein.
That’s because Hong Kong relies on coal for more than half its power generation, according to Neil Beveridge, a Hong Kong-based analyst at Bernstein. The city should focus on shifting its power mix toward natural gas and renewables first before encouraging the use of electric vehicles through incentives like tax breaks, he said.
