(Yicai Global) April 12 -- China’s southernmost province of Hainan will offer 2,000 new-energy vehicles for tourists to rent over the next three years as the region looks to clear its streets of gasoline- and diesel-powered cars.
State-owned Hainan Traffic Investment Holding Co. and electric vehicle startup WM Motor Technology Co. signed a CNY500-million (USD80-million) agreement yesterday to build a car rental system for tourists to the island province, local news website Hinews reported.
The pair will launch a travel service app before the end of June, which will allow travelers to rent cars, consult travel agencies, book hotels and pay for food more conveniently, said Huang Xinghai, chairman of Hainan Traffic Investment. The first 500 NEVs are expected to be delivered before the app goes live, he added.
Hainan became the first province to propose a timeline for a complete shift to electric cars when Governor Shen Xiaoming disclosed plans on April 9 to banish fossil-fueled vehicles from its roads by 2030. The country hopes to stop making and selling gas and diesel autos in the “near future,” Vice Minister of Industry and Information Technology Xin Guobin said in September.
China is the world’s largest maker and consumer of NEVs. It has used emissions rules, tax breaks and subsidies to help automakers such as BYD Auto Co. keep innovating and boost the number of green vehicles rolling off production lines, while keeping down the cost to consumers. The government’s goal is to phase out fossil-fueled vehicles as China works to limit its greenhouse gas emissions by 2030 and curtail air pollution.
WM Motor rolled out its first electric vehicle, the EX5, in December. The CNY200,000 (USD31,867) sports-utility vehicle will begin mass production this quarter.
Editor: Ben Armour