Electric Vehicle Incentives

The Government announced on 24 February 2021 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 2024, as at present.
  • ii.PC owners who arrange to scrap and de-register their own eligible old PC1 ("Old PC") (PC with an internal combustion engine or e-PC) and then first register a new e-PC ("Replacement e-PC") may enjoy a higher FRT concession up to $287,500 under the "One-for-One Replacement" Scheme effective from 28 February 2018 to 31 March 2024.

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.