Electric Vehicle Incentives
The Government announced on 28 February 2018 the details of the new arrangements for first registration tax (FRT) concessions for electric private vehicles as follows:
i.except for eligible private car owners (see (a) ii. below), FRT for electric private cars continues to be waived up to $97,500 from 1 April 2018 to 31 March 2021, as at present.
ii.a new "One-for-One Replacement" Scheme is launched from 28 February 2018 to 31 March 2021 (both dates inclusive), allowing private car owners who arrange to scrap and de-register their own eligible old private car (private car with an internal combustion engine or electric private car) and then first register a new electric private car to enjoy a higher FRT concession up to $250,000.
Please refer to Hong Kong Government's website for details. For enquiry, please visit our stores or call our customer hotline at 3974 0254 for more information.