As of 1 April 2008, Hong Kongs Environmental Protection Department (EPD) has implemented an incentive scheme to encourage investment in environmentally friendly commercial vehicles meeting Euro V emission standards for heavy-duty and light-duty diesel vehicles.
Owners of such vehicles are offered a reduction in their First Registration Tax (FRT).
Under the tax concession scheme commercial vehicles include taxis, light-, medium- and heavy-goods vehicles, public and private light buses, public and private non-franchised buses and special purposes vehicles. IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]