FOR RELEASE 23 February 2017
HONG KONG - The Hong Kong Government announced, in it’s 2017-2018 budget, changes to the First Registration Tax for Electric Vehicles:
The most important part of this change is:
For the period from April 1, 2017 to March 31, 2018 inclusive:
i) the FRT electric private cars will be waived up to $97,500; and
ii) the FRT of electric commercial vehicles (including goods vehicles, buses, light buses, taxis, and special purpose vehicles), electric motor cycles and electric motor tricycles will be waived in full.
For more than 20 years, our government has been promoting and supporting the adoption and use of Electric Vehicles (EVs) in Hong Kong, primarily with a 100% waiver of First Registration Tax. This abandonment of that policy is troubling and will undoubtedly slow down the transition to sustainable transportation, and set back the excellent progress we have seen in recent years.
The pollution from each new petrol/diesel vehicle put on the road today will be felt for the 20 years of that vehicle’s life. Future generations will have to live with the decisions that we take today, and this decision is simply bad for Hong Kong’s air quality and roadside pollution levels.