Hong Kong announced that it is stepping up efforts to give eco-friendly electric cars the green light, with 200 electric vehicles expected to hit the streets of Hong Kong in the next financial year. The government is said to be in talks with two power companies to launch an electric vehicle leasing scheme by the end of 2010. Experts in Singapore said that more education and incentives are needed for consumers to go green, while more manufacturers [such as Toyota, Mitsubishi and Nissan] are expected to come up with electric vehicles. In Singapore, an electric car could cost around S$6 to power up, in comparison to the equivalent of S$80-90 in petrol [gasoline], at current oil prices.
- Good to see another major Asian city announce an EV initiative. The timing and scope seem to be similar to Singapore as well, with initial trial runs expected by the end of 2010. It may finally be time for electric cars to start to take the limelight now that we see various lithium-ion battery initiatives such as the ones from Toyota, Honda and Nissan start to take off. And now with the infrastructure, batteries and EV models falling into place, it might be a good time for the various stakeholders to think about where all that additional electrical generation is going to come from.