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Untitled - HKU Libraries - The University of Hong Kong

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3.3.1 Introduction3.1.1 This chapter reviews trends in the development <strong>of</strong> transport, concentrating on thetwelve years since the end <strong>of</strong> the first Comprehensive Transport Study in 1 976.3.2 Growth <strong>of</strong> the Vehicle3.2.1 <strong>The</strong> growth <strong>of</strong> the licensed vehicle fleet is shown in Figure 3.1 from its origins afterthe Second World War. <strong>The</strong> growth by vehicle type since 1976 is set out in Table3.1.3.2.2 <strong>The</strong> strong growth in the vehicle fleet since the Second World War was interruptedon two occasions by increases in vehicle taxation, particularly on private cars andmotorcycles. <strong>The</strong> changes in taxation from 1974 are shown in Tables 3.2 (FirstRegistration Tax—FRT) and 3.3 (Annual Licence Fees—ALF). <strong>The</strong> changes inannual licence fees are plotted in Figure 3.2.3.2.3 After the 1974 taxation increases, the fleet declined for two years reaching a lowpoint in 1976 at the end <strong>of</strong> the first CTS. <strong>The</strong> fleet then grew rapidly, despite somefurther increases in taxes, until checked by the severe vehicle taxation increasesimposed in 1 982. This time/ it took four years before growth resumed in 1 986, andthis was as a result <strong>of</strong> a continuing decline in the car fleet being <strong>of</strong>f-set by the stronggrowth in goods vehicles. <strong>The</strong> vehicle fleet did not reach the previous high level setin 1981 until 1988.3.2.4 Despite the decline in the fleet following the 1982 tax measures, the vehicle fleetgrew by 75% in the twelve years since the first CTS, from 172000 to 300000vehicles.3.2.5 Each vehicle type is discussed in more detail below.3.1: IN VEHICLES36029

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