Hong Kong 4-Wheeler Electric Vehicle Market Outlook (2020-2025) | Share, Trends, Revenue, Growth, Companies, COVID-19 IMPACT, Size, Value, Industry, Forecast & Analysis

Hong Kong 4-Wheeler Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger connector types, DC charger power ratings, and end consumers. Hong Kong 4-Wheeler Electric Vehicle market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Hong Kong 4-Wheeler Electric Vehicle Market Synopsis

The incursion of the COVID-19 pandemic has resulted in a slowdown in the Hong Kong economy during the first half of 2020 further obstructing the growth of Hong Kong's electric vehicle market. However, the electric vehicle market has witnessed evolution with the ongoing developments in the automotive sector. Favorable government policies and support in terms of subsidies and grants, tax rebates, and other non-financial benefits in the form of carpool lane access, and proactive participation by automotive OEMs would drive the 4-wheeler electric vehicle sales in the country.

According to 6Wresearch, Hong Kong 4-wheeler electric vehicle market size grew at a CAGR of 6.1% during 2020-2025. Certain key government initiatives such as “ First Registration Tax Concessions for EVs” and “One-for-One Replacement Scheme” initiatives aiming to waive the registration tax up to $97,500 on electric commercial vehicles (including good vehicles, buses, light buses, taxis, and special purpose vehicles) and electric motorcycles, and concession up to $250,000 on the exchange of old private care (internal combustion engine or electric private car) with a new electric private car.

Market Analysis By Vehicle Types

The passenger car segment accounts for the highest market share in the overall 4-wheeler electric vehicle market. However, in the coming years, the country is likely to introduce more electric models which would further lead to an increase in demand for light commercial vehicle in the country in the future.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Hong Kong 4-Wheeler Electric Vehicle Market Overview
• Hong Kong 4-Wheeler Electric Vehicle Market Outlook
• Hong Kong 4-Wheeler Electric Vehicle Market Forecast
• Historical Data and Forecast Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Connector Types, for the Period 2019-2025F
• Historical Data and Forecast of Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of Hong Kong 4-Wheeler Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Japan Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Vehicle Types

• Passenger Car
• Light Commercial Vehicle (Goods Carrier)

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private