Hongkongers rush to showrooms as EV tax breaks end, ‘quotas’ sell for HK$60,000

Hong Kong’s decision to end tax breaks for private electric cars has sparked a rush to the showrooms, with some residents even selling their eligibility for the incentive scheme. A car dealer told the South China Morning Post on Thursday that sales had surged seventeen times, adding that one customer broke into tears just after midnight, fearing he had missed the registration deadline. “Last night there were many people … there was a queue at one point,” said Eric Wong Ngai-lik, chairman of...

By Theodora Yu