If there is one industry in China poised to go far into the future, it has to be electric vehicles (EV).
To make sense of this direction, take a look at this year’s Beijing Auto Show. The event displayed 1,022 models, 174 of which were new energy vehicles. Of those cars, 124 were produced by Chinese companies.
Singapore is setting up the country’s first electric car-sharing service in December, hoping that it will also help lower car dependency and ownership among its citizens.
BlueSG is Singapore’s ambitious car-sharing service that is planning to put up 500 charging stations in the country by 2020.
It appears that Tesla is beginning to lose one of its biggest markets in the world as sales in Hong Kong have reportedly waned in recent months.
The local transport department’s data for April shows there have not been any new Tesla model registrations for the month. In comparison, there were 2,939 first-time Tesla registrations in March.
India plans to have all cars sold in the country to be electric-powered by 2030 in an effort to combat air pollution, lowering the country’s cost of importing fuel and running vehicles.
“We are going to introduce electric vehicles in a very big way,” Coal and Mines Minister Piyush Goyal said at the Confederation of Indian Industry Annual Session 2017 in New Delhi, according to the Independent.