Hi guys, I think if anyone is running a fleet of vehicles that do a lot of km every year, EVs start making financial sense compared to ICE vehicles. Most personal Tesla owners probably do less than 15k or 10k km per year. However, if you are running a fleet of premium vehicles, the cars could be doing anywhere between 60k km to 100k km per year. Compared to similar luxury vehicles doing those kms, I have calculated that the yearly average running cost differential to be US$11,000 to US$18,000 per year for 60k km and 100k km respectively. Running EVs that do so much mileage on a daily basis may require an investment in battery swap infrastructure - which should be relatively easy to organize in a place like HK as you may only need a handfull of locations to do the swaps. But consider this: Imagine a leasing company purchases a fleet of Tesla vehicles. You then calculate the cost of running each vehicle each year and add on a suitable margin on top. Then you figure out how much it would cost someone to take a lease on an hourly basis (you can very the base cost depending on time of day for peak and off peak). You then approach Uber and come up with a scheme whereby the Uber driver does not need to take out his/her own insurance on a permanent vehicle or purchase one outright and bear the upfront fixed costs. You then charge the Uber driver a fixed amount per hour of usage + a %age of the Uber fare. Say for instance, US$8/hr + 10% of the Uber fare. I am not sure if that is the right number as it would depend on assumptions relating to overall utilization of the vehicle and I am not sure what the average hourly revenue per trip would be. It would entice drivers to join Uber because they are not taking much financial risk in that they do not need to bear a lot of up-front fixed costs. Also the service would be well standardized as all of the vehicles would basically be basic spec Teslas. You could start by offering the service to a chain of 4 and 5 star hotels or go direct on the uber app. The more and more drivers you have on the platform and the more and more Teslas you have on the fleet, the more and more the cost will go down for using the service. It would be hard for a ride to be cheaper than a HK taxi (as they are already fairly inexpensive) - however, I think the costs start making sense for premium uses. If at the end of the day you can catch a ride for a 20-30% premium over a regular taxi, I think there could be a market for that in HK. Of course, it would take time to get there as you need scale and critical mass for it to work. But I can see them replacing those S class Mercedes or Aphards (once the Model X arrives) I would love it if someone could go ahead and do it.