China's ride-hailing association: From July 20, Beijing will completely ban fuel vehicles from ride-hailing platforms. Previously, fuel vehicles below China VI standards had been forced to exit, and this policy further blocks all fuel vehicle entries. This policy has triggered mixed reactions among ride-hailing drivers. Drivers of electric vehicles applaud the move, while fuel vehicle drivers face issues such as vehicle depreciation and unpaid loans, with the prices of used ride-hailing fuel vehicles plummeting in the secondary market.
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