ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News
hong kong market-ev-pollution

Hong Kong Market Slow to EV Adoption

September 20, 2018/in In the News/by Gray Leigh
hong kong market-street pollution

Hong Kong market suffers from street pollution

Hong Kong Market Craves Clean Energy

It is one of the world’s most congested cities. Over 7 million people live on just 3,000 square kilometres of land. The Hong Kong Market is a sweaty heap of pollution.

Air quality is so low, it’s inspired an app. Air conditioners account for 30% of the city’s energy use and contribute 60% of the city’s greenhouse gas emissions.

Even worse: the city’s recycling record. China laps the former British Protectorate in sustainable living.

hong kong market-shenzhen-hong kong-border

The Shenzhen-Hong Kong border

China’s Effect on the Kong Kong Market

It’s no secret that Hong Kong needs to go green. It’s also no secret that China leads the world in Electric Vehicle (EV) adoption. After all, Beijing residents must wait years for an EV license.

On average, Chinese government subsidies on EV vehicles cover $10,000 USD per purchase. Evidently, the CCP is serious about curbing carbon emissions.

These measures could spillover into the Hong Kong market. Cross the border and neighbouring city Shenzhen has already electrified its public transport fleet.

hong kong market-china-ev-plug in

China outpaces Hong Kong in EV adoption

Why is Hong Kong Late to the EV Party?

Several factors have slowed progress.

First, HK lacks public charging stations and gas-powered vehicles can still travel longer distances. However, this isn’t a major concern as HK is so small. Trip distance isn’t a problem.

Second, a lack of regulatory pressure provides car owners little incentive to switch. Hong Kong’s carbon abatement schemes lag behind China’s.

Third, most residents use public transportation. The bus and taxi companies are privately owned, and plug-in technology is still too expensive to warrant.

Hong Kong Market-Shenzhen bus-electric

Shenzhen’s public transportation runs on lithium-ion batteries

Hong Kong Needs to Change its EV Policy

Last year, over 1,700 residents died from air pollution. Moreover, the city faces pollution levels that rival megacity Beijing.

The Special Administrative Region (SAR) has lagged behind China in adopting clean energy initiatives. However, the 1997 handover returned control of Hong Kong to the Asian superpower.

However controversial the handover may be, air quality in “Asia’s World City” would benefit from more vehicles powered by lithium-ion batteries.

 

Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
lithium mining Lithium Brine Mining and Sustainability
electric vehicle industry-popular Electric Vehicle Industry Steadily Grows
green revolution-narendra modi Green Revolution in India
lithium-uses-everywhere Lithium Uses: Glass and Ceramics
EV demand-skyrockets EV Demand Continues to Skyrocket
Electric Cars Misunderstood
clean cars-xi jinping-china Emissions in China: 100% EVs by 2030
Electric Cars 2018: Top Producers

LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Emissions in China: 100% EVs by 2030clean cars-xi jinping-chinabelt and road lithiumLithium: Why the Mineral is so Valuable
Scroll to top