Tag: 產業政策

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.”

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Civic Exchange | Commercial Vehicle Electrification: Reshaping Hong Kong’s Industrial Positioning Through Market Perspectives

2026-02-20

Several years prior, electric private cars were yet to be a mainstream or preferred vehicle type in Hong Kong. The market was largely hesitant due to insufficient charging infrastructures and doubts about the maturity of electric vehicle technology. However, electric vehicle penetration has now rapidly increased, the charging network is increasingly comprehensive, and electric vehicles have quietly become a common sight on Hong Kong streets. This transformation not only reflects technological progress but also proves that clear government policy directions will elicit market responses.

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