Published: 2:52pm, 20 Jun, 2016 Updated: 2:54pm, 20 Jul, 2018
Tesla has benefited from extensive government support in Hong Kong and tax waivers aimed at increasing electric vehicles (EVs) sales in the country. However, while the future looks relatively brighter for Tesla in mainland China than it did in Singapore (the firm pulled out of Singapore in 2011 after failing to qualify for an EV tax break), with sales growing steadily despite a bumpy start, analysts are doubtful it will achieve the same level of success on the mainland as it has in Hong Kong, simply because of the costs levied on its vehicles from Chinese import taxes and lack of EV incentives for foreign-built vehicles.