A potentially seismic shift in Beijing’s ride-hailing landscape may be afoot, though details remain shrouded in uncertainty. Reports circulating earlier today, citing the ride-hailing branch of the China Urban Public Transportation Association, suggested that gasoline-powered vehicles would be entirely barred from ride-hailing platforms in the capital, effective July 20th.
The purported policy triggered immediate reactions within the driver community. Electric vehicle (EV) drivers reportedly welcomed the news, while those operating gasoline-powered cars voiced concerns about vehicle depreciation and outstanding loan obligations. The ripple effect was allegedly felt in the used car market, with prices for gasoline-powered ride-hailing vehicles plummeting.
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