Beijing’s First Action Plan to Launch Flying Cars: The New Growth Engine for the Chinese Economy

Beijing has recently unveiled its first action plan to accelerate the development of flying cars, with a goal of establishing the aviation industry for low-altitude airspace as a new growth engine for the economy. The initiative is led by the Ministry of Industry and Information Technology and aims to introduce pilot programs for electric vertical takeoff and landing aircraft (eVTOL), also known as air taxis, in regions such as Guangdong province, Hong Kong, and Macau.

The idea of a “low-altitude economy” was first introduced in the government work report during the annual parliamentary meetings that concluded on March 11. This move underscores China’s commitment to enhancing its aerospace industry and embracing innovative aviation technology to boost economic growth. By 2030, Beijing plans to have a new aviation equipment industry in place where eVTOLs and drones will operate at low altitudes to offer intelligent and eco-friendly air travel and ferry services across various sectors of society.

The development of flying cars is expected to revolutionize transportation in China, offering faster and more efficient travel options for people and goods. The pilot programs will involve testing eVTOLs in different environments, including urban areas, to evaluate their safety and performance before they are introduced into commercial use. The initiative will also focus on developing drone technology for cargo delivery and other applications, such as search and rescue missions.

Overall, this action plan represents a significant investment in China’s future economy, demonstrating its commitment to innovation and growth in the aviation sector. With the introduction of eVTOLs and drones into low-altitude airspace, China is positioning itself as a leader in cutting-edge transportation technology while creating new opportunities for businesses and entrepreneurs alike.