Firstly, let's all stop to take a breath (not too deeply - remember our air is polluted). Sure, this is undoubtedly a setback for Electric Vehicles in Hong Kong, but does anybody really think we will be driving petrol cars in 10 or 20 years time? This government policy change will merely delay the inevitable, not change the end result. It is terrible that in the meantime, more Hong Kong people will have to get sick and die from our air pollution.
I'm not sure if this is political retaliation against John Tsang, or just a short-term cooling-off measure introduced in response to the dramatic growth in the number of EV private cars. Whichever, it is a short term measure for 1 year only. Many are reading that as a negative, but it could equally be a positive.
To be clear, I am 100% against this policy change. The government's stated reasoning is control of private car ownership, but this penalises the 1% of the problem that is EVs, while not affecting the 99% of the problem that is the petrol/diesel vehicles producing the pollution. The purpose of EV incentives is to persuade buyers to purchase clean electric vehicles vs equivalent petrol/diesel polluters, not to cause growth in private car ownership.