12,195 registered electric cars (as of August 2019).
2,968 charging stations in Hong Kong.
First Registration Tax (FRT) waived up to $97,500 for Electric Cars until 31 March 2021.
"One-for-One Replacement" Scheme offers FRT concession up to $250,000 until 31 March 2021.
73 electric vehicles (EV) models approved by the Transport Department, of which 51 are models for private cars and motorcycles.
From the figures above, you can see that there were up to 12,195 registered electric cars in Hong Kong as of August 2019, despite their prices and maintenance costs being higher than most petrol or diesel car models. While this figure just accounts for 1.8 percent of private cars in the city, which puts Hong Kong well behind other cities such as Beijing (2 percent) and Oslo (36 percent!), this can still be viewed as a growth in the right direction, considering that there are only 2,968 charging stations dotted across Hong Kong. The Environmental Protection Department has already planned to add more EV charging stations for public use to meet the hiking demand.
Having said that, there is no guarantee that the "One-for-One Replacement" scheme, which offers FRT concession of up to $250,000, will be renewed after the deadline in 2021. Hence, drivers looking to purchase electric cars should do so before this incentive scheme expires.
Continue reading: Tesla's insurance costs, maintenance costs, and charging stations distribution
