CE Plans HK$2bn Subsidy For Electric Car Parking

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-10-15 HKT 18:21

Share this story

facebook

  • The plan is to offer subsidies to private estates to install more charging points in their car parks. File photo: RTHK

    The plan is to offer subsidies to private estates to install more charging points in their car parks. File photo: RTHK

Carrie Lam in her policy address on Wednesday is to announce a HK$2 billion subsidy for private estates to install charging facilities for electric cars.

The Environment Secretary, Wong Kam-sing, claimed that under the subsidy scheme 60,000 parking spaces with such facilities will be online in three years' time.

Wong said with this new policy and measures like gross floor area (GFA) concessions for builders implemented earlier, he expects a quarter of the city’s car spaces will be equipped with sockets in the coming years.

Mark Webb-Johnson of Charged Hong Kong, an association aimed at promoting electric vehicles, welcomed the plan, saying the move will help grow the number of electric vehicles in the SAR.

RECENT NEWS

Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security

Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more

Hong Kongs Cashless Future Is Closer Than You Think

A recent Worldpay report indicated that the digital wallets Hong Kong has could dominate its payment landscape by 2030.... Read more

HKMA Green Fintech Competition Open For Submissions

The Hong Kong Monetary Authority (HKMA) announced the launch of the 2025 Green Fintech Competition on 9 May 2025. It is... Read more

HSBC Launches Refreshed Hong Kong App With Smarter, Personalised Features

HSBC Hong Kong announced the launch of it refreshed HSBC HK App on 7 May 2025, set to roll out by phases beginning mid-... Read more

Chubb Life Hong Kong Launches Health Up Insurance For The Tech-Savvy

Chubb Life Hong Kong introduced the Health Up Insurance Plan (Health Up) on 7 May 2025. The Chubb Health Up Insurance d... Read more

Ant International Eyes Hong Kong IPO, In Talks With Regulators

Ant Group, a subsidiary of China’s Alibaba Group, is reportedly planning to list its overseas branch, Ant Internation... Read more