Hainan province is set to capitalize on the benefits of its free trade port to establish an internationally-focused hub for new energy vehicle (NEV) technology, said Feng Fei, Party Secretary of Hainan province, at the 2024 World New Energy Vehicles Congress, which was held in Haikou, capital of Hainan province.
The province aims to demonstrate new energy intelligent connected vehicles as part of its industry chain of green hydrogen and hydrogen fuel-cell vehicles. By the end of August, the number of new energy vehicles in Hainan had reached 361,000, accounting for 17.4% of the total number of its vehicles. So far this year, 71,300 new energy vehicles have been sold, a year-on-year increase of 9.76%. New energy vehicles account for 54.64% of the newly added vehicles in the province, according to the Department of Industry and Information of Hainan province, which indicates that for every two cars sold in the province, at least one of them is a new energy vehicle.
A Haikou resident surnamed Wen has observed a trend among his friends in the past two years, with many transitioning from fuel vehicles to new energy cars and sharing their positive feedback with him. “Using new energy vehicles in Hainan is becoming more convenient, with easy charging options and cost-effective purchases,” Wen noted, adding that the low travel costs and environmental benefits associated with NEVs further increase their appeal. Hainan aims to significantly increase the adoption of NEVs in the coming years. By 2025, the province targets having them represent over 20% of total vehicle ownership, with clean energy vehicles comprising 100% of newly added and replaced vehicles in the public service and social operation sectors.
Looking ahead to 2030, Hainan’s goal is for new energy vehicles to make up more than 45% of total vehicle ownership, with all vehicles in public service and social operation sectors, except for special purposes, transitioning to clean energy. By 2030, the province aims for 100% of new additions and replacements in the private vehicle sector to be new energy vehicles, the China Daily reports.
