NEVs charging ahead in China's car rental market

Transcript

00:00Hybrid and electric vehicles are making a buzz in China's car rental market as eco-friendly

00:11and cost-efficient alternatives.

00:14The employee of one car rental company in East China's Shuzhou City said they've seen

00:19a significant increase in orders for NEVs or new energy vehicles.

00:24Right now, about seven or eight out of every ten orders are for new energy vehicles.

00:29In fact, to meet demand, all of the 120 new vehicles we've added this year are NEVs.

00:36The trend is similar at another rental service provider in Beijing, which plans to expand their

00:42fleet of NEVs to cater to rising customer interest.

00:46I chose this hybrid for its fuel efficiency and cost-effectiveness.

00:51When I go out with friends, I also prefer to rent a car.

00:54It costs around 40 US dollars per day, including insurance.

00:59According to Trip.com Group's car rental platform, NEVs now make up around 30% of the domestic

01:06rental market.

01:07Since the beginning of 2025, bookings for NEVs have risen by over 30% year-on-year, the group

01:13group reports.

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