High Traffic Density Creates Opportunities For EV Producers

Although BMI does not expect Hong Kong's vehicle ownership rates to rise much above the current estimate of 5.2% over the next five years, the cars in circulation are concentrated in a very limited space. As such, the authorities are promoting the use of 'clean energy' vehicles to cut back on resulting pollution. From the perspective of carmakers, however, this not only has environmental benefits, but also creates opportunities for higher sales if existing car owners switch to new

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