Tesla is letting drivers in Hong Kong trade in their used cars for a new Model S sedan, but no one else in Asia can
Hong Kong drivers can now trade in their cars to enjoy a discount on one of Tesla's Model S sedans, the electric car maker said on Wednesday as it rolled out the measure for the first time in the Asia-Pacific region.
Customers will be able to part-exchange their previous Model S or another passenger car by going through one of Tesla’s regional trade-in partners, it said.
“The new service is aimed at further enhancing the end-to-end experience of Model S ownership, encouraging new customers to transition to electric vehicle driving with ease,” Tesla said.
They would get slightly less back in the case of options, or 65 per cent.
A Tesla Model S 70D sells for HK$619,000 (US$79,865) in the city, or HK$8,569 a month through the finance package offered by Tesla.
In a bid to boost the adoption of electric vehicles, the Hong Kong government has waived the first registration tax for electric vehicles until the end of March 2017.
At the end of 2013, there were less than 600 electric vehicles in Hong Kong, according to Tesla, which delivered the first Model S to buyers in July 2014.
By May 2015, the number of electric vehicles in Hong Kong had nearly tripled tot over 2,250, according to government statistics
