First registration tax concessions for e-vehicle one-for-one replacement scheme end in days
發佈日期: 2026-03-27 20:18
TVB News
The first registration tax concessions for electric vehicles under the "One-for-One Replacement" scheme is set to end in a few days.
This as some local scrapyard managers said while they have collected close to a thousand petrol cars over the past month, they have been unable to export them owing to the recent war in Iran.
The FRT concessions for the government's one-for-one EV replacement scheme, which has been in effect for the last eight years, will reach its end in the coming days.
Several car showrooms in Kowloon Bay offering EVs were left with just a limited supply of vehicle models put on display as most of their EV stock have already been sold.
Amid the shortage of vehicles, this distributor for a mainland EV brand said it is left with just six vehicles in stock this afternoon.
The company's manager said many of its clients were eager to take advantage of the tax concessions, and were willing to purchase less-optimal EV choices before the end of the measure.
Besides EV showrooms, Hong Kong's scrapyards are also facing challenges brought upon by the cessation of the scheme.
Here at this scrapyard in Kam Tin, the local manager said it had already been receiving at least 20 second-hand vehicles per day over the past month.
He said that the facility is already fully packed with vehicles.
Most of these vehicles would be exported to Africa or the Middle East in the past, but owing to the recent conflict between Iran, Israel, the US and several neighbouring countries in the region, there has been a surge in transportation costs causing a major pile-up of second-hand vehicles in local scrapyards.
