The high price of Hong Kong’s slow switch to electric buses and taxis

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Hong Kong aims to be a modern, green city, but lags behind in transport electrification, particularly with buses and taxis. While the city has committed to carbon neutrality by 2050 and is phasing out coal, its streets are still dominated by petrol vehicles, impacting air quality. Electric car adoption is growing, but trails behind Shenzhen, where 85% of new vehicles are electric. Hong Kong's taxi electrification plan is slow compared to Shenzhen, Guangzhou, and Shanghai, which have already made significant progress in electrifying public and commercial transport to reduce emissions, improve air quality, and boost domestic technology. Despite Hong Kong's green finance ambitions, its slow transition to electric vehicles is a visible contrast.
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