HK electric cars selling like hot cakes before favourable buying terms end
發佈日期: 2026-03-30 20:36
TVB News


The electric vehicle "One-for-One Replacement" scheme ends tomorrow. A car dealer said that sales had surged recently as many residents rush to buy cars before the deadline. The ongoing conflict in the Middle East has lasted for almost a month, causing international oil prices to rise. In Hong Kong, fuel prices have surpassed 32 dollars per litre, which is an increase of 4 dollars since the war began. Affected by oil prices, the cost of running a fuel-powered car is higher than that of an electric vehicle. Meanwhile, the electric vehicle "One-for-One Replacement" scheme ends Tuesday.. The first registration tax concessions for private electric cars also concludes on the same day. At a vehicle showroom in Hung Hom, some residents came to make a purchase before the favourable terms are gone. Mr. Chan said fuel is pricey nowadays so he came to look for a new electric vehicle. Car dealer Eric Wong said they sold 1,000 cars this month, that was half of a typical full year's performance. "Customers usually take 45 minutes to two hours to make a purchase, but now they just walk in and close a deal within ten minutes." Under the government policy, applicants are still eligible for the tax concession if they buy from available stock before March 31.
