RTHK has also learnt that fines for speeding and other traffic infringements could cost 50 percent more, as the government aims to improve road safety and enforcement efficiency.
The final proposal is expected to be unveiled next week.
In a Facebook post published on Wednesday, the Transport and Logistics Bureau pointed out that the fixed penalties for traffic contraventions have remained unchanged for over three decades.
The fines were “significantly lower” than other regions in the world, the bureau added, citing examples in Singapore, London and the Australian state of New South Wales.
It also noted a rise in dangerous behaviour such as speeding, not following road markings, and using mobile phones while driving, suggesting a need to raise fines to create a greater deterrence effect.
Authorities also believe bumping up metered parking charges would deter drivers from circling the streets to look for a space.
Officials have at the same time pledged to increase off-street parking to cater to growing demand.
Meanwhile, owners of private electric cars could see the cost of driving go up further, as the bureau is looking to increase their licence fees.
In a separate Facebook post, the bureau noted owners of such vehicles on average pay around HK$1,100 per year, compared to HK$7,500 for those who own private cars with internal combustion engines.
The bureau is proposing a five-tier fee structure based on the vehicle’s rated power, and the adjustment will be implemented in phases over three years.
The proposals will be discussed at the Legislative Council’s transport panel on April 25.