Securing a tax break by trading in a petrol car for an electric model just got easier after the Hong Kong government relaxed the eligibility criteria on Monday.
But lawmakers responded by calling on officials to take it a step further. Some wanted better tax breaks and suggested that all criteria be scrapped so anyone trading in a vehicle would qualify.
In February last year, the government introduced a programme for electric car buyers to enjoy a tax concession worth HK$250,000 (US$32,000) if they traded in a fossil fuel-powered car. But there were conditions: the applicant must have owned the vehicle for three consecutive years, and the car had to be at least six years old and licensed for 20 months….
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