Excessive fuel costs, “One for one substitute scheme”, and first registration tax (FRT) exclusion are all engaging incentives for drivers to embrace electrical automobiles in Hong Kong. Amongst all-electric automobiles, after all, Tesla is the primary to come back to thoughts. Right now at INO, we’ll focus on issues to contemplate earlier than shopping for Tesla in Hong Kong: insurance coverage prices, upkeep prices, and the charging stations distribution.
Tesla insurance coverage: premium prices for third celebration vs. complete
Third celebration – quick for third celebration insurance coverage – solely offers cowl to your legal responsibility to 3rd events for property harm, harm, or demise. Then again, complete, or complete insurance coverage, apart from what the previous already covers, may also defend you and your losses.
Premiums are typically larger for Tesla autos
Tesla autos are costly to fabricate, and so, the compensation quantity is excessive as nicely. In consequence, not all automobile insurance coverage firms are prepared to underwrite for Tesla homeowners. Naturally, third celebration and complete premiums are extra pricey than different automobiles. Relying on the age and horsepower of the automobile, your premiums can vary from 30% and even 80% larger.
Insurance coverage plan common amongst Tesla automobile homeowners
You’ll be able to select to buy a 3rd celebration solely. In any case, extra insurance coverage firms provide third celebration plans. With that mentioned, the deductible for such Tesla insurance coverage can simply price tens of 1000’s of Hong Kong {dollars}. That is equal to the primary tens of 1000’s of {dollars} that you should pay out of pocket earlier than receiving compensation. Within the occasion of a visitors accident, Tesla’s personal upkeep prices might even be costlier than the third celebration’s property losses. That is why many Tesla automobile homeowners nonetheless select to buy Tesla complete insurance coverage.
Proceed studying: INO’s tackle electrical automobiles in Hong Kong and specifics of EV insurance coverage
Tesla upkeep process and prices
Planning to ebook an appointment at a Tesla Service Middle in Hong Kong? Merely make a reservation by means of the Tesla app and head to one of many Tesla Service Facilities situated in Sai Wan or Tsuen Wan. They primarily present gentle to reasonable upkeep and one-stop companies similar to annual checkups.
Tesla upkeep course of rundown
As soon as you have arrived on the scheduled time, the skilled restore group will consider your present automobile situation. Then, they’ll approximate the time it should take to restore or check out your automobile, and prepare for it to enter both the Ludicrous Lane (beneath 1 hour) or Quick Lane (greater than 1 hour). With the producer’s skilled pc program, the group will go over your automobile system report, take a look at and examine on all system operations, handle its temperature, and extra. If it’s essential to carry out repairs associated to the motor, battery, and tightening of the screws on the undercarriage, you then’ll want a forklift.
Since Tesla’s automobile components are normally shipped from abroad, and there are solely a number of designated Tesla Service Facilities and Physique Outlets in Hong Kong, this jacks up the upkeep charges.
Tesla upkeep prices
Just lately, Tesla has pushed out comparatively lower-priced fashions, similar to Mannequin 3 and Mannequin Y. Nonetheless, as a result of Tesla’s automobile our bodies are made with aluminum alloy, even a light-weight stumble upon the automobile can shift different automobile components out of alignment.
To our understanding, the upkeep charges for a Tesla automobile are as follows:
- Automotive door restore prices about HKD $100,000
- Windshield restore prices about HKD $20,000
- Changing automobile keys prices about HKD $3,000
Tesla’s decrease unit oil, tires, windshield wipers, automobile key battery, air filter, brake fluid, air con cleansing waterproof cowl bag, and extra have to be usually inspected and changed. Most electrical automobile upkeep will be accomplished with wi-fi software program to resume, remotely diagnose, and make use of cellular service technicians for help and different companies, and extra.
Proper now, Tesla offers a 4 12 months or 80,000 kilometers upkeep plan (additionally relevant for licensed second-hand automobiles) to maintain your automobile in one of the best performing situation. You might be really helpful to schedule an annual routine upkeep inspection yearly or each 20,000 kilometers (km) pushed, whichever occurs first.
Automotive components inspected throughout a routine upkeep
Inside service facilities are a number of machines that conduct routine upkeep inspection to your Tesla:
- Cabin air filter: Tesla is supplied with an air filter that stops pollen, industrial fallout, highway mud, and different particles from getting into by means of the vents. It’s endorsed that you simply substitute it each 2 years.
- Air-con cleansing waterproof cowl bag: Tesla recommends changing it as soon as each 2 years.
- Coolant fluid ought to be changed as soon as each 4 years.
- Excessive Effectivity Particulate Air (HEPA) Filter: in case your Tesla is supplied with a HEPA filter, it is suggested that you simply substitute it each 3 years.
- Tire rotation, steadiness and wheel alignment: Tesla recommends inspecting your tires each 16,000 km to twenty,000 km pushed to search out out whether or not it’s essential to change tires, left and proper steadiness, and alignment. Aggressive driving habits can result in untimely tire put on and will require extra frequent tire service. Unbalanced and misaligned wheels, however, impact dealing with, tire life, and steering elements. Tesla’s restore group may also examine video footages of your automobile braking, in addition to your tires to see in the event that they match the really helpful specs.
- Brake fluid take a look at: Tesla recommends testing brake fluid for contamination each 2 years and changing it if obligatory.
- Air-con service: this may substitute the desiccant to assist enhance the longevity and effectivity of the air con system. Tesla recommends an air con service for Mannequin S as soon as each 2 years, each 4 years for Mannequin X, and each 6 years for Mannequin 3.
- Windshield wipers and automobile key battery
Final however not least, whether or not it is after restore or inspection, professionals will wash and recharge your automobile earlier than returning it to you.
Proceed studying:
Why is curiosity in Tesla automobiles dropping in Hong Kong?
Prices for Tesla repairs driving rise in Hong Kong automobile insurance coverage premiums
As increasingly more individuals purchase Teslas, many automobile homeowners are frightened that the demand for charging stations will exceed the provision. Having mentioned that, Tesla has actively expanded its charging community regionally. For instance, final 12 months, Tesla introduced its cooperation with Hyperlink REIT to offer V3 Supercharging service in a few of its parking heaps.
Tesla at the moment has 30 Supercharger stations in Hong Kong, Kowloon, and the New Territories, offering 154 Superchargers, and greater than 500 public Tesla Wall Connector wall-mounted chargers. Superchargers can cost as much as 120kWh, taking roughly half-hour to totally cost half of the automobile’s battery. That is sufficient so that you can journey greater than 270 kilometers. In line with the 2021 Price range Report, there are 3,351 charging stations for public use in Hong Kong, with a median of almost 6 electrical autos sharing one charging spot.
Tesla V3 Supercharger
The V3 Supercharger offers high-speed charging. Your automobile’s charging time is dramatically lower in half with the mix of devoted automobile energy allocation throughout Supercharger websites, and the On-Route Battery Warmup perform. As an illustration, charging the Mannequin 3 Lengthy Vary for under 5 minutes interprets to 120 kilometers of journey. Present homeowners of Mannequin S and Mannequin X could make an appointment on the Tesla Service Middle to rearrange for a automobile improve. There, technicians will configure an adapter so you should use CCS Combo 2 for charging, which can be able to utilizing the quicker V3 Supercharger.
Tesla charging charges
It’s price mentioning that the Mannequin 3 has been changed with a CCS Combo 2 European commonplace charging plug. Provided that, there isn’t a have to plug/reinsert to cost sooner or later. Nonetheless, public charging stations are now not free. There are two charging modes, Tier 1 (beneath 60kWh, HKD $1.45 per kWh) and Tier 2 (over 60kWh, HKD $2.90 per kWh). Taking the Efficiency model of the battery with a capability of 75kWh for example, the price for charging from 0% to 100% by means of a Supercharger is $217.50.
Contact INO for extra insurance coverage options
INO has greater than 20 years of expertise within the automobile insurance coverage business. Along with automobile insurance coverage (third celebration and complete), it additionally offers residence insurance coverage, bike insurance coverage, Voluntary Well being Insurance coverage Scheme (VHIS), Hong Kong-Zhuhai-Macao Bridge (HZMB) insurance coverage, and plenty of extra. Get a free quote now with our on-line citation instrument, or contact our group of knowledgeable insurance coverage advisors to be taught extra about INO.
