KMB aims to replace its fleet with electric buses by 2040 to transition to green energy, which is better for the environment. The current diesel buses are not sustainable, and electrification will reduce reliance on fluctuating diesel prices.
KMB faces challenges such as the need for more power and electricity to accommodate the transition, lack of sufficient charging stations, and the need for government collaboration to ensure adequate power supply for charging the buses.
KMB is building a seven-storey depot in Yuen Long that can charge 1,000 buses every night. However, the project is delayed due to concerns about whether the government can provide the necessary power for charging the buses.
The government needs to collaborate with KMB to ensure there is enough power supply for charging the electric buses. Without government support, the infrastructure built for electric buses would be ineffective.
KMB currently has 80 electric buses as a starting point, but the full transition to an all-electric fleet is delayed due to infrastructure and power supply challenges.
KMB prioritizes employee welfare because its business is heavily dependent on frontline staff, such as bus drivers. The company runs recreational clubs and holds annual events to keep employees happy and engaged.
The William S.D. Louey Educational Foundation provides scholarships to academically outstanding students from Hong Kong and Greater China for overseas studies. It aims to help bright individuals make a significant impact in the world.
KMB maintains affordable services by keeping the average bus fare at HK$7, which is crucial for serving the daily transportation needs of millions of passengers. The transition to electric buses is aimed at reducing long-term costs and environmental impact.
KMB is exploring hybrid buses that can run for 2,000 kilometers without refueling, autonomous vehicles, and drone technology for potential future applications in public transportation.
The transition to electric buses requires significant government support, particularly in providing enough power for charging stations. Without this support, the transition cannot be fully realized.
“ Yeah. We plan to replace the fleet by 2040. We can't scrap all of them now because each bus lasts 18 years. So we have the depreciation for 18 years. They're all from the U.K. All the buses are from the U.K. All the double-deckers. That's the only country that makes double-decker buses, and it's the same as Singapore. All the double-deckers are from the U.K. Because of COVID, when we replace all these diesel buses with electricity, you need a lot more power and electricity to accommodate this. So the government has to work with us. But today, we can't really see that if we import all these 4,000 electric buses to Hong Kong, there will be enough charging stations. We'll have to build a new depot that accommodates electric buses. So in Yuen Long, we're building a seven-storey, new depot that can charge 1,000 buses every night. But after we build it, the government has to give us the confidence that they can give us the power to charge these buses. So there's no point building a new depot if there's not enough electricity to charge it. So we're delaying it now. But the idea is still the same. We will have to replace it with green energy because it's much better for the environment.” - William Louey Fresh out of the studio, William Louey, 4th generation business leader of Kowloon Motor Bus (KMB), talks about his vision for transforming Hong Kong’s public transportation system through sustainability and innovation. He discusses KMB’s ambitious plan to electrify its bus fleet by 2040, highlighting the challenges of infrastructure, power supply, and government collaboration. He also shares his philanthropic efforts specifically on education and how they shaped the next generation of leaders to pay it forward. Last but not least, William shares what great would look like for KMB in a green and sustainable future.
Audio Episode Highlights: [00:46] Quote of the Day (#QOTD) by William Louey [02:07] Introduction to the Guest and KMB's Electrification Plan [02:53] Influences from Family and Philanthropic Leadership [04:44] The Beginnings of the Educational Foundation [07:31] Shifting from Wealth Accumulation to Making an Impact [18:11] Overview of KMB’s Role in Hong Kong’s Transportation Network [21:35] Vision for Green Transit: KMB’s Electric Bus Roadmap [23:15] Exploring Hybrid and Emerging Technologies [25:31] Infrastructure and Power Challenges for Electrification [28:46] Autonomous Vehicles and the Future of Public Transit [34:16] The One Thing William Louey Knows that Very Few Do [35:58] Balancing Technology and Employee Welfare [37:26] What Does Great Look Like for KMB? [40:19] Pet Buses and Women-Only Bus Routes in Hong Kong [42:49] Closing Thoughts and Reflections
Profile: William Louey, Businessman and Philanthropist in Hong Kong. William Louey serves as a non-executive director of Transport International and founding member of JNW Properties. He established the William S. D. Louey Educational Foundation in memory of his grandfather. The William S.D. Louey Educational Foundation provides scholarships and bursaries to academically outstanding students from Hong Kong and Greater China for overseas studies.
Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig
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