Hong Kong has subsidised bus operators to purchase 36 electric buses for pilot running.
Shenzhen has taken a much more aggressive approach in driving the adoption of electric buses. Its government has notably provided about RMB200,000 (HK$226,600) to RMB400,000 (HK$453,300) per bus annually as operation subsidies until 2017 and bus operators were free to adopt their own way to accelerate the adoption. For instance, two bus companies have opted for the model of “混合租賃”, under which the car production company has sold the electric buses and charging facilities to a third-party financial institution, which then leases the equipment to the bus companies for an eight-year period, after which the asset ownership will then be transferred to the bus companies. Meanwhile, another bus company has adopted the “整車購買 ， 服 務 外 包 ” model by entering an agreement with the car production company on bus fleet purchase, while outsourcing the provision of necessary charging facilities and services to an electricity charging service provider. Their different business models adopted have resulted in quick conversion of over 16 000 conventional buses into electric buses in several years.
Table 1: Electric bus development targets in different places
Shenzhen has turned more focus to the taxi sector since late 2017. It has provided taxi operators with a purchase grant of RMB164,800 (HK$186,751), along with an early adoption incentive of up to RMB32,000 (HK$36,262) for conversion of each petrol taxi into electric taxi. Probably driven by heavy to the bus subsidies, all 21 000 taxis in the city are now electric powered.
Electric Commercial Vehicle (trucks and vans)
Table 2: Major financial incentives/support for EV purchase