The government will increase its support for electric vehicles (EVs) by launching a HK$300 million subsidy scheme in the middle of the year for a citywide charging network.

Paul Chan said it is expected the scheme would provide impetus for the industry to install 3,000 fast chargers for EVs across Hong Kong by 2030.

Chan noted the need for more charging stations given there are more than 100,000 EVs in Hong Kong, about eight times compared with five years ago.

The financial secretary also announced new initiatives to enhance waste reduction at source.

He said the government would allocate additional funding of HK$180 million for increasing the number of residential food waste smart recycling bins and food waste collection facilities across the city, as well as expanding the city's recycling network and increasing waste recovery.