Govt Urged To Do More On Green Transport
"); jQuery("#212 h3").html("

"); });
2022-08-03 HKT 15:02
Environmental group Green Sense on Wednesday urged the government to provide more incentives to get people to buy electric vehicles.
The green group surveyed 503 people online from June to July, finding that more than 70 percent of petrol car owners had considered switching to electric vehicles. However, more than half said they hadn't bothered because they found the current incentives unappealing.
Sam Tong, a research assistant with the group, said people are unwilling to spend money on an electric car, even though charging costs are cheaper than buying petrol.
"People think the cost of purchasing electric cars in Hong Kong is very high. This actually prevents them from switching from their fuel cars to electric cars. One of the most important things the government can do is to provide enough subsidies for car users and to bring down the cost of purchasing and maintaining electric cars in Hong Kong," he said.
The group also found that over 97 percent of respondents said they would welcome green public transport, but a quarter would not be willing to pay any extra for such services.
It suggested the government use green bonds to fund discounts for passengers.
Tong added that increasing the proportion of people using public transport and speeding up the use of clean energy public transport are also major ways to help achieve carbon neutrality by 2050.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more
