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Schneider Electric Hong Kong welcomes the initiatives in the Financial Secretary’s 2021-22 Budget

Hong Kong

24/02/2021

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The Budget 2021 – 2022 delivered by the Financial Secretary of Hong Kong SAR Government today indicated the government’s commitment to promoting New Energy Transportation, including replacing the current fuel-propelled vehicles with electric vehicles (EV) and the planned announcement of Hong Kong's first roadmap on the popularisation of EVs, setting out long-term policy objectives and plans on the use of EVs and their associated charging facilities. The key measures include expanding the EV charging network and promoting its marketisation. In addition, the Government will also take the lead to adopt more EVs. Schneider Electric Hong Kong, with its long-standing commitment to driving sustainability, welcomes the measures, with the hope of creating a favourable environment for ongoing EV development.

Stephen Cheung, Head of Digital Energy and Smart Solutions of Schneider Electric Hong Kong shared, “As climate change becomes an emerging topic across the globe, it is encouraging that the Financial Secretary of Hong Kong SAR Government proposed in The Budget 2021 – 2022 today that the Government will further promote new energy transportation, and the planned announcement of Hong Kong's first roadmap on the popularisation of EVs. At Schneider Electric, we will thrive to strengthen industry partnership to further expand the EV charging network in Hong Kong at more locations to address the supply issue. Meanwhile, to support buildings without sufficient electric capacity for EV charging, the EVLink Load Management System solution enables building owners to monitor and manage the usage of EV charging facilities, efficiently manage and distribute electricity supply via software, and balance the electricity loads across a building, tackling the challenge of the lack of electricity supply for EV charging facilities with dynamic energy management.”

"Schneider Electric has been actively promoting the development of EV locally and globally, with more than 150,000 EV chargers sold in 50 countries. To date, we have provided more than 1,700 EV charging stations across 53 locations in Hong Kong for commercial buildings, shopping centres, residential estates, hospitals and airport, including Taikoo Place I, FTLife Tower in Kowloon Bay, Festival Walk in Kowloon Tong, Citywalk in Tsuen Wan, 8 Observatory Road in Tsim Sha Tsui, The Green Atrium in Yuen Long, The Quayside in Kwun Tong, Lohas Park in Tseung Kwan O, Le Pont in Tuen Mun and Hong Kong International Airport, etc. Drivers can now easily search for EV charging locations in the neighbourhood by entering such keywords as “Schneider Electric Charging Stations” or “Schneider Electric EV Charger” in Google Maps,” Cheung continued, “Schneider Electric expects to extend its EV footprint by having more than 3,000 EV chargers at 100 charging locations across the territory by 2022, with the hope of facilitating popularization of EV and development of green transport with convenient facilities, so as to realise our long-term commitment to driving sustainability and achieving zero-carbon emission.

Schneider Electric has been at the forefront of driving sustainability. Apart from being a member company of EV 100, RE100 and EP100 initiated by The Climate Group, in 2021, Schneider Electric has also become World’s Most Sustainable Company in the Global 100 ranking of Corporate Knights, as well as being listed on the Carbon Clean 200 list. Seeing EV as one of the keys to drive sustainability, Schneider Electric has joined the climate organization EV100 since 2020, with the hope of encouraging corporates to launch a Green Fleet policy, aiming to replace its 14,000 car fleet with EV and achieve zero emissions by 2030. Schneider Electric’s leading EV charging solutions with Green Premium certification, are applicable to EV of IEC, SAE and CHAdeMO standards in the market.

Hong Kong,

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