September 20, 2023
Source link: Corphub ( https://shorturl.at/afpq9 )
一般私家車輛每年排放4.6公噸二氧化碳，而香港約有100萬輛汽車，整體每年約460萬噸二氧化碳（約46億公斤）。 而一般汽車的重量約為2公噸計算，香港每年產生的二氧化碳量相當於2,300,000輛汽車的重量，是道路上車輛數量的兩倍多！ 全球排放量的四分之一均來自交通運輸業，因此香港必須作出一些改變，才能實現其氣候目標。個人層面使用電動車是為環境做出貢獻的一種方式。
從社會角度來看，在香港廣泛採用電動車將大大提高市民的生活品質。根據世界空氣品質指數的統計，香港在全球空氣污染最嚴重的城市中排名第 68 位。此空氣品質對呼吸系統敏感的人群並不健康，亦可導致急性和慢性疾病。截至目前，香港已有4,700人死於空氣污染，並令政府損失達22億美元。空氣污染會加劇氣喘，增加心肺疾病死亡的風險，並嚴重損害肺部功能。污染物每增加 10 微克/立方米，該些健康風險就會增加2%至3%。空氣污染造成的生命損失一個都嫌多，這些健康風險亦提醒我們必須關心人類與地球的未來。
本文由THINK ESG LIMITED ESG研究實習員Aaron Turnquest撰寫。
Electric vehicles (EVs) are fundamental to every country’s mission to fight climate change. As Hong Kong plans to be carbon neutral by 2050, investors must be vigilant in anticipation of an inevitable shift. For those who are unaware, an electric vehicle is a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source.
These vehicles have no combustion engine, which reduces the driver’s overall carbon footprint. This makes them naturally better for the environment and the clean front runner for the car of the future. The global EV market size was valued at USD 384.65 billion in 2022 and is expected to be worth USD 500.48 billion in 2023. The industry is projected to be valued at USD 1,579.10 billion by 2030, recording a compound annual growth rate of 17.8% during the forecast period.
The typical passenger vehicle emits 4.6 metric tons of CO2 per year, with there being about 1 million vehicles in Hong Kong; there are about 4.6 million metric tons (about 4.6 billion kilograms) of CO2 produced by vehicles in Hong Kong. For example, the average car weighs about 2 tonnes, so this tells us that the amount of CO2 produced in Hong Kong weighs the same as 2,300,000 cars, which is more than double the number of vehicles on the road! A quarter of global emissions come from the transportation industry, so it is clear that something must change for Hong Kong to reach its climate goals. The personal adoption of EVs are an individual’s way of making a difference for the environment.
From a social perspective, adopting EVs in Hong Kong will drastically improve the quality of life for citizens. Hong Kong has an air pollution problem that ranks 68th among the world’s most polluted cities in terms of air pollution according to the World Air Quality Index at the time of this article being written. This makes it unhealthy for sensitive groups of people and can cause acute and chronic diseases. In Hong Kong, there have been 4,700 deaths so far, costing the government 2.2 billion USD.
Air pollution exacerbates asthma, raises the risks of cardio-respiratory deaths and greatly impairs the function of the lungs. These risks are increased by 2 to 3 percent for every rise of 10 µg/m³ of pollutants. The loss of one life to air pollution is too many, and it reminds us why we must be intentional about our future on this planet.
Hong Kong is taking this climate emergence very seriously, and as of July 2023 there are 243 approved EV modals by the department of transport which is double the amount that were approved in 2021. Long-term cost effectiveness of electric engines compared to internal combustion engines shows why many car owners in Hong Kong should consider switching to electric vehicles.
EVs typically require less maintenance than vehicles with internal combustion engines. The electric motors that propel EVs have fewer moving parts than gas engines. Having fewer components means they need minimal maintenance.
The gasoline prices in Hong Kong are the highest in the world with it being $91 HKD as of this article being written, and fluctuating constantly with the trends of the market. These fluctuations are evident as on 5 June 2023 the price of gas was 87.97 HKD per US gallon. The electricity prices are far more affordable and consistent which is an advantage of EV’s.
The Hong Kong government is offering financial incentives to promote the use of EVs. The First Registration Tax (FRT) Concessions for Electric Vehicles and One-for-One Replacement Scheme have recently been extended to 31 March 2024.
The FRT for electric private vehicles will continue to be waived for up to HK$97,500. From 24 February 2021 to 31 March 2024, EV owners can enjoy a raised FRT concession cap of $287,500, an increase from the previous cap of HK$250,000, under the One-for-One Replacement Scheme.
With incentives like these the Hong Kong government is making it increasingly more attractive for the average person to get an EV. The Hong Kong government has a goal to achieve 155000 charging stations by 2025 to accommodate the expected growth of the industry.
Why it matters to investors
Investment into EVs gives investors the unique opportunity to have a good impact on the environment and have great returns over the next five years. With the implementation of ESG investing, EVs would appear to be a safe choice for investment as with every coming year the industry leaders produce cars with longer battery life at even more affordable prices the adoption of EVs will increase.
On the manufacturing side, EV manufacturers should enhance their data transparency in order to allow investors to conduct analysis as they continue to build their investment portfolios. The additional environmental cost of transporting these batteries results in a higher carbon footprint than ICE vehicles. A 2021 study comparing EV and ICE emissions found that 46% of EV carbon emissions come from the production process while for an ICE vehicle, they ‘only’ account for 26%.
In Hong Kong there is still a massive disparity in the amount of current electric cars and the amount of charging stations, this is about 10 EVs to one charging station. As a car owner it would be ideal for you to have more charging stations than cars, but in Hong Kong’s limited space that could prove to be difficult.
The Hong Kong government is planning to solve this problem with a substantial increase in charging stations. An EV has roughly double the production footprint of a typical internal-combustion-engine (ICE) vehicle, this is mainly due to the production of the battery and the electric engine.
Ev batteries rely on about 100 Kg of raw materials that are mined in the Congo, which produces 1.5 million tonnes of CO2 a year. Many EV companies are investing heavily in developing new battery technologies to combat this issue.
The damage to the planet has been done and now we must move forward toward a future where we are intentional about investing in the longevity of our plant. It is time for us to use our money wisely and be accountable for the choices we make. EVs are the first step for many in a long road to making the right choices not just for use but for the future generation so that they too will make the right choice.
This article was written by Aaron Turnquest, ESG Research Intern at THINK ESG LIMITED.