To what extent did the First Tax Registration Concession of EV changes in HK that was imposed in 2017 affected the negative externalities caused by diesel/petrol vehicles
Electric vehicles (EVs) have no tailpipe emissions. Replacing conventional vehicles with EVs can help improve roadside air quality and reduce greenhouse gas emissions. A wider use of EVs also contributes to the development of environmental industries.
The Finance Secretary chairs a Steering Committee on the Promotion of EVs with members drawn from various sectors to recommend a strategy complementary with specific measures to promote the use of electric vehicles in Hong Kong, having regard to the resulting energy efficiency, environmental benefits and the creation of business opportunities.
In addition, the Government announced the Hong Kong Roadmap on Popularisation of Electric Vehicles (the Roadmap) on 17 March 2021, setting out the long-term policy objectives and plans to promote the adoption of EVs and their associated supporting facilities in Hong Kong. The Roadmap will guide Hong Kong’s future direction to attain zero vehicular emissions before 2050. This acts in concert with our other targets to strive for carbon neutrality in the same time frame, and forges ahead with the vision of ‘Zero Carbon Emissions ‧ Clean Air ‧ Smart City’.
Government’s Measures to Promote the Use of
The Government has been promoting the use of EVs by the following measures:
The deadline for the above concession arrangement is 31 March 2024.