Category: Vehicle Sales or Rental

EV replacement program to be completed by the end of March; BYD launches special hotline for “express” purchase of in-stock vehicles starting today

2026-03-03

Financial Secretary Paul Chan announced the Budget 2026 on 25th February, which includes a tax reduction for first-time registration of electric vehicles, including the “one-for-one” program. This program will expire at the end of March this year and will not be continued. Large numbers of citizens flocked to various electric vehicle brand showrooms that evening to “catch the last train.”

BYD announced on 27th February that it recorded over 800 electric vehicle orders on the 25th February alone. To ensure that every prospective owner can “catch the last train,” it has reserved sufficient stock for the Hong Kong market. From now until March 31st, a special “Green Mobility Purchase Hotline” has been set up, providing “express pre-sales service,” including one-on-one consultation, rapid matching of available stock, and expedited contract follow-up. Original URL: Electric Vehicle One-for-One Program Ends at the End of March; BYD Sets Up Special Hotline for “Express” Purchase of Available Stock

For additioanal information, please visit: HK01

EV One-for-One Scheme ends in March. Is there still time to register before March 31? Tesla stock cars might make it

2026-02-27

[Budget 2026 / Electric Vehicles / Electric Vehicle Trade-in / Tesla Trade-in]  Financial Secretary Paul Chan announced the “Budget 2026” on February 25th, revealing that the long-standing electric private vehicle trade-in program will finally expire after March 31st this year. Taking the Tesla Model Y as an example, the price difference between having and not having the trade-in program can exceed HK$110,000. However, there are still various viable methods to sell your car before the program expires.

 

For additioanl information, please visit: HK01

Budget Proposal | Electric Vehicle Registration Tax Reduction Ends; Dealerships Report Constant Inquiries; Industry Expects Long-Term Price Decline

2026-02-26

[Cable News] The “One-for-One” electric vehicle trade-in program has been adjusted again. Financial Secretary Paul Chan announced that the tax exemption for first-time registration of electric private cars will end at the end of March and will not be extended. The exemption for electric commercial vehicles and motorcycles will continue until the end of March 2028.

The exemption for private cars under the “One-for-One” electric vehicle trade-in program has ended. The budget announcement states that the program will not continue after its expiration at the end of next month, while the exemption for electric commercial vehicles and motorcycles will continue until the end of March 2028. Chan stated, “Electric vehicles are already quite competitive. After years of implementing the lenient ‘One-for-One’ arrangement, it all comes to an end at some point.”

For additional information, please visit: i-CABLE