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Benefiting from the local government’s policy towards private cars, electric cars have rapidly risen in popularity in recent years. The French Government earlier announced a plan to abolish the sale of gasoline-powered vehicles by the year 2040, as an example of global shifts in environmental attitudes. In stark comparison, the Hong Kong Government lately decided not to fully exempt the first registration tax for private-use electric cars. Will this attempt hit the local electric vehicle market badly?
The full version of the commentary is in Chinese only.