Hong Kong Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Application (Commercial, Government And Industrial, Residential), And By Charging Type (AC Charging (Level 1 And Level 2), DC Charging) - Forecasts From 2024 To 2029

The Hong Kong Electric Vehicle Charging Stations market is estimated at US$47.033 million in 2024 and is anticipated to expand at a CAGR of 25.54% to attain US$146.683 million by 2029.

A charging station can be classified as a hub or center, which is available for the public, offering charging facilities for electric vehicles. The charging station has the capability to charge various types of electric vehicles, and it offers a wide range of power output, which charges the battery of these vehicles at different speeds.  The charging stations are located across the nation or region, most prominently located on the highways, or at the city centers.

The growth of electric vehicle (EV) charging stations in Hong Kong is aided by government programs for improving the nation's electric vehicle ecosystem. The government of the nation introduced multiple policies and subsidy schemes, to reduce the use of internal-combustion engine (ICE) automobile, which uses petrol or diesel as the fuel, and emits carbon dioxide, polluting the environment.  Similarly, an increase in the nation’s sales of electric vehicles is also among the major factors driving the electric vehicle charging station market’s growth. In Hong Kong, the availability and accessibility of public charging stations for electric vehicles played a critical role in boosting the demand for zero-emission vehicles in the nation.

Hong Kong Electric Vehicle Charging Stations Market Drivers:

• Increasing sales of electric vehicles

One of the prime reasons propelling the electric vehicle charging stations market is the surge in the number of EVs in the country. Stringent government car emission regulations have encouraged consumers to transition to EVs, which is boosting the electric charging station market's growth in the future. According to the Legislative Council of Hong Kong, the total number of electric private cars (PCs) registered in Hong Kong in 2021 was recorded at 9,583, and about 29,724 petrol private cars were registered. In 2022, the new registration of electric private cars increased to 19,795 units, and that of petrol private cars decreased to 17,683 units. The total share of electric private cars in the total new registration of private cars in Hong Kong in 2021 was estimated at 24.4%, which significantly expanded to 52.8% in 2022.

The popularity of EVs can be largely attributed to the introduction of new and attractive schemes and policies by the government to boost the sales of zero-emission vehicles in the nation. For instance, the Hong Kong government's "One-for-One Replacement" scheme provides consumers with a higher first registration tax rebate on scrapping their old private cars and purchasing new electric vehicles. In addition, the government’s aim to enhance the air quality of Hong Kong also promotes the use of electric vehicles.

Furthermore, the government has introduced multiple policies and projects to develop the nation's electric vehicle charging infrastructures. For instance, in April 2024, the Legislative Council announced its plan to convert the nation's petrol filling stations into Quick Charging Stations or Petrol-cum-Charging Stations.

Hong Kong Electric Vehicle Charging Stations Market Products Offered by Key Companies:

• Delta Electronics is among the leading power and thermal management providers worldwide. Founded in 1971, it aims to provide innovative, clean, and efficient energy solutions. It offers products across multiple categories, including power electronics, mobility, automation, and infrastructure. The company also offers solutions for industrial automation, smart energy, display and monitoring, building automation, and EV charging, among many others.
• Shell Recharge is the electric mobility subsidiary of the British multinational oil and gas company Shell Plc. It is among the biggest electric mobility companies and aims to offer easy-to-use charging solutions for electric vehicles. In the global e-mobility sector, the company offers multiple solutions, such as Shell Car Care, Shell Go+, Shell Recharge, and Shell stations.

Hong Kong Electric Vehicle Charging Stations Market Key Developments:

• In June 2024, Sinopec (Hong Kong) Ltd. announced that it had achieved the tend for the charging site of the main section of Kai Fuk Road, Kowloon Bay. The company aims to transform the site into Hong Kong's first electric vehicle quick charging station (QCS).
• In April 2023, the Legislative Council of the Government of Hong Kong announced its plan to install about 7,000 electric vehicle charging stations in the nation by 2025. The government announcement came after the completion of the previous target of installing 5,000 stations in the nation by 2022, for which the government installed a total of 5,300 EV chargers by September 2022.

Hong Kong Electric Vehicle Charging Stations Market is segmented and analyzed as follows:

• By Vehicle Type
  • Battery Electric Vehicle (BEVS)
  • Plug-In-Hybrid Electric Vehicles (PHEVS)
• By Application
  • Commercial, Government, and Industrial
  • Residential
• By Charging Type
  • AC Charging (Level 1 and Level 2)
  • DC Charging

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. HONG KONG ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE 

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. HONG KONG ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Commercial, Government, and Industrial

6.3. Residential

7. HONG KONG ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE

7.1. Introduction

7.2. AC Charging (Level 1 and Level 2)

7.3. DC Charging

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Hong Kong EV Power

9.2. Tesla Inc.

9.3. Auto Green Solutions Limited

9.4. Schneider Electric

9.5. Delta Electronics (Hong Kong) Ltd.

9.6. Smart Charge (HK) Limited

9.7. Onecharge

9.8. Shell Recharge (Shell)

9.9. Clp Power Hong Kong Limited

9.10. HK Electric Investments Limited

Hong Kong EV Power 

Tesla Inc. 

Auto Green Solutions Limited 

Schneider Electric 

Delta Electronics (Hong Kong) Ltd. 

Smart Charge (HK) Limited 

Onecharge 

Shell Recharge (Shell)

Clp Power Hong Kong Limited 

HK Electric Investments Limited