The 2026-27 Budget announced today (February 25) that the first registration tax (FRT) for electric commercial vehicles, electric motor cycles and electric motor tricycles will continue to be waived in full until March 31, 2028. The FRT concessions for electric private cars (e-PCs), including the "One-for-One Replacement" Scheme, will no longer be extended upon their expiry on March 31, 2026.

     The prevailing vehicle first registration procedures remain unchanged. E-PCs, with applications for first registration submitted on or after April 1, 2026 (subject to receipt of the completed application form and required documents by the Transport Department (TD)), will no longer be entitled to FRT concessions. The Government will implement a one-off arrangement. For e-PCs that have been ordered on or before February 25, 2026, or have been arranged by the vehicle owners to be shipped to Hong Kong for their own use, even if the e-PCs have not been first registered before April 1, 2026, they are still entitled to the FRT concession before adjustment, provided that the relevant local registered distributors/registered importers/vehicle owners have submitted the required supporting documents to the TD and have applied for paying motor vehicle FRT based on the concession before adjustment, and that the relevant application is verified and approved by the TD. Local registered distributors/registered importers/vehicle owners must submit the application on or before February 24, 2027, in order to pay motor vehicle FRT at the concession before adjustment under the aforementioned one-off arrangement.
 
     For enquiries, members of the public can call 1823 or the TD's Hong Kong Licensing Office at 2804 2637.

Ends/Wednesday, February 25, 2026
Issued at HKT 12:27

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