Report | Adaptive Spaces

Electric Vehicles and Real Estate: The Case of Hong Kong

February 1, 2024 20 Minute Read

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Electric vehicles have become an important means for countries to achieve net-zero carbon emission goals. With property owners playing a major role in facilitating the transition to green transportation, there is a growing link between real estate and electric vehicles.

 

Transportation is major source of carbon emissions, which are considered one of major causes of climate change. With Hong Kong aiming to achieve zero-carbon emissions by 2050, the government is encouraging the adoption of Electric Vehicles (EVs). Accelerating sales of EVs are driving demand for charging facilities, the availability of which is lagging the fast-growing number of EVs on the city’s roads. This report examines EV demand in Hong Kong; assesses current and future requirements for EV chargers; and explains how this will impact the city’s real estate market.