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Implementation of Budget concession for electric vehicles

    The Legislative Council today (March 8) passed a resolution to extend the First Registration Tax (FRT) exemption for electric vehicles for a further three years, as proposed in the 2006-07 Budget.

     The objective of this concession is to promote the use of electric vehicles, which are environmentally friendly.  The resolution passed today under the Motor Vehicles (First Registration Tax) Ordinance (Cap.330) will extend the exemption until March 31, 2009.

     With the Legislative Council¡¦s agreement, the Government first granted the exemption for electric vehicles from FRT in 1994-95 and has extended it on three previous occasions in 1997-98, 2000-01 and 2003-04.

Ends/Wednesday, March 8, 2006
Issued at HKT 14:16