The First Registration Tax exemption for electric vehicles will be extended five more years to promote their use. The exemption is due to expire March 31, but will be extended five years instead of three years as in the past.

In his 2009-10 Budget today Financial Secretary John Tsang said promoting the use of vehicles which are more energy efficient and emit no exhaust will create business opportunities.

He will lead a steering committee to study their wider use in Hong Kong, conduct in-depth studies and make recommendations from the perspectives of economic development, town planning, industry, technology, environmental protection and transport.

Read more: http://www.news.gov.hk/en/category/environment/090225/html/090225en04002.htm