Over 9,000 New EV Registration Last Month, Reaching A New Monthly High.
HK WWP reports that although the “one-for-one” tax relief scheme for electric vehicles ended at the end of March, many car owners switched to EVs due to soaring fuel prices. Transport Department data shows that over 9,000 new electric vehicles were registered in March, a year-on-year increase of more than double, setting a new monthly record. The Transport Department stated that it will deploy additional staff to process applications.
Car owners rushed to purchase electric vehicles before the tax exemption ended.
The “one-for-one” scheme allows car owners to save up to HK$100,000 in initial registration tax when purchasing a new electric vehicle by scrapping their old gasoline-powered car. Many car owners rushed to purchase electric vehicles before the scheme ended in March.
Transport Department data shows that 9,150 new EVs were registered in March, a new monthly record, more than double that of January and February this year, and more than double year-on-year. The department stated that it has deployed additional staff to process applications, and due to the large number of applications, it is expected to take one to two months to process.
For additional information, please visit: WWP
Comments are closed.