Yes, I saw that. It was front page in the local South China Morning Post, a couple of weeks back.
Today, there's a counter-argument in a letter to the editor:
On 17 Apr, 2016, at 5:16 am, Mark Hodgkin <MHodgkin@burystreetcapital.com> wrote:
Hi Peter,I hope the sailing went well, I am still waiting for my Open 40 experience...This may amuse – from the FTOn Hong Kong island, electric cars are not the clean optionNever mind that Elon Musk, founder and chief executive of the electric carmaker, has described the city as "a beacon" for electric vehicles. This may be so — Hong Kong has one of the highest penetration rates of electric vehicles as a percentage of new car sales anywhere. But this may not be helping Hong Kong's carbon footprint or air quality. According to research from Bernstein, electricity generation for Hong Kong island is so dirty that a Tesla car charged there will be responsible for one-fifth more CO2 over its average life than an equivalent petrol guzzler. Based on its assumptions, the research house says Hong Kong would have to reduce its carbon intensity by 30 per cent before its citizens can justify buying electric vehicles for lower emissions.This is not Tesla's fault, nor is it likely to deter buyers. Nor, judging from the response to the Model 3 launch, do delivery delays, for which the company has become infamous.Perhaps they should. Early adopters of a technology normally accept that their gadget will become obsolete fairly rapidly. They may not expect this for cars. Delays were so long for the first buyers of Model S cars in Hong Kong that deliveries arrived only two months before upgraded hardware came out. Ambitious technology goals have caused teething problems in most models. The very popularity of Tesla in Hong Kong can lead to delays in fixing any problems.No matter, Tesla offers a way out. As in some other countries, it has a trade-in option for the Model S, buying old cars at 75 per cent of the base price (and 65 per cent of add-ons) if returned within a window of 36 to 37 months of ownership. That deal does not hold, though, if you want to upgrade earlier.Tesla cars have long run potential. But until it can learn to deliver, rational investors will steer clear.Mark