Chinese authorities are trying to reduce the economic impact of a sharp rise in oil prices due to geopolitical tensions in the Strait of Hormuz by introducing electric taxis. This was reported by Qazaqyia.kz citing Reuters.
Under the new initiative, taxi fleets in major Chinese cities will gradually switch to electric vehicles. This measure is aimed at reducing dependence on oil and lowering transportation costs. According to experts, such a step will help strengthen China's energy security.
The plan to introduce electric taxis is expected to be implemented by the end of 2026. This reform is part of China's long-term strategy to reduce carbon emissions.