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Car dealer Inchcape aims to reach 100% of sales from EVs by 2033, 2 years before Hong Kong’s full-electric deadline
- London-based Inchcape Group aims to garner 25 per cent of Hong Kong’s passenger car market by 2030, according to CEO Duncan Tait
- EV adoption is fast rising in Hong Kong, with outstanding units on the road surging 91 per cent to 62,056 at the end of July from a year ago
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Car distributor Inchcape Group is tying up with an increasing number of electric-vehicle makers, setting itself a target of generating 50 per cent of its sales in Hong Kong from EVs and hybrids by 2026.
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It is part of the London-based company’s overall ambition of capturing 25 per cent of Hong Kong’s passenger car market by the end of the decade, according to CEO Duncan Tait.
“We are making sure that we are fit for the future in this market in an EV world,” said Tait. “So we’re launching new EV products into this marketplace. We’re bringing new OEMs [original equipment manufacturers].”
EVs will account for 100 per cent of Inchcape’s sales in Hong Kong in 10 years’ time, ahead of the city’s goal of phasing out fossil fuel-propelled vehicles by 2035, Tait added.
The Hong Kong government outlined its plan to popularise the adoption of EVs two years ago. As of July, Hong Kong had 62,056 registered EVs, a 91 per cent increase from 33,467 a year ago. EVs make up 7.1 per cent of the city’s private cars, according to data from the Transport Department.
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