“One-for-One Replacement” Scheme is extended for two years. From 1 April 2024 to 31 March 2026, the first registration tax (FRT) concession cap is adjusted to $58,500* for electric private cars. The FRT concession cap for PC owners eligible for the "One-for-One Replacement" Scheme is adjusted to $172,500*. Electric Private Cars valued at over $500,000 before tax will not be entitled to the FRT concessions.
*For more details, please refer to the "One-for-One Replacement" Scheme on First Registration Tax Concessions for Electric Vehicles announcement from HKSAR government. Click here to learn more.
First registered in Hong Kong for at least 6 years when its registration is cancelled owing to scrapping.
Have been the registered owner for 18 months or more.
Have been licensed for at least 10 months (i.e. 304 days or more), within the 12 months immediately before its de-registration.
The period between the de-registration date of the old vehicle and the submission date of the first registration application for your new BMW must not exceed 3 months.
If you are interested in joining the "One-for-One Replacement Scheme" or have any inquiries regarding electric vehicle incentives, please contact us and our BMW Sales Consultants will reach you as soon as possible.
1”New Users” can enjoy 2$200 “SD Wallet” charging credits and get the latest BMW news.
1 "New Users" are users who have not registered to receive exclusive BMW information and offer prior to the subscription.
2 The $200 charging credits are only awarded to users who have downloaded the SD Charging APP and have successfully charged using this app. The charging credits will be deposited into users’ "SD Wallet“ of their SD Charging app account registered with the same phone number, within 30 days of successful subscription. Users who do not fulfil the above conditions will not be entitled to the $200 charging credits, and no further notice will be given. The charging credit is subject to the terms and conditions of the SD Charging APP.
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