Taiwan Electric Vehicle Market Outlook (2020-2025) | Size, Share, Revenue, Analysis, Forecast, Growth, industry, Outlook & COVID-19 IMPACT

Taiwan Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger power ratings and by-charger end consumers. Taiwan electric vehicle market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Taiwan Electric Vehicle Market

Taiwan Electric Vehicle Market is forecast to grow at a rapid rate on the back of various growth factors. Taiwan has been trying to be green and sustainable by introducing more electric vehicles in order to reduce the amount of carbon dioxide emissions. The government is also focusing on creating an environment that would help the country become economically competitive. Moreover, the Taiwan Electric Vehicle Market has been growing rapidly due to the government's efforts to promote the use of electric vehicles and the increasing demand for clean energy. Also, the government has been promoting electric vehicles by providing incentives and subsidies. Taiwan is one of the most developed countries in the world and its electric vehicle market has been proliferating over the years. Also, the government has increased incentives for EV purchases, which has boosted sales and interest in EVs.

The development of EV technology may lead to a shift from petroleum-based fuels to electricity generation as a renewable energy source. Over the years, the market has transformed into a more sustainable and energy-efficient form of transportation. The Taiwan Electric Vehicle industry will further develop in the future on the back of the wide adoption of EVs, improved charging infrastructure, and the development of green public transport systems.

Taiwan Electric Vehicle Market Synopsis

Deteriorating air quality, increasing carbon emissions and other environmental issues have raised an alarm to adopt electric mobility and cleaner energy resources with continuous government efforts to push for the adoption of electric vehicles across the nation. Additionally, the electric vehicle market is expected to take a hit amid the Covid-19 pandemic in 2020. 

According to 6Wresearch, Taiwan electric vehicle market size grew at a CAGR of 50.5% during 2020-2025. The government of Taiwan has also demonstrated a strong commitment to introducing and promoting electric mobility in Taiwan and has an ambitious plan to phase out all petrol vehicles by 2040.

Market Analysis By Vehicle Types

Taiwan electric vehicle market is dominated by the two-wheelers segment which occupies more than 95% of the overall market volume share but the electric bus is anticipated to show the highest growth out of all segments during the forecast period owing to the government's plans to go and enhance clean public transport along with high subsidies offered up to NT$ 4,000,000 on the purchase of electric bus which would result in the robust growth of electric bus over the time.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Taiwan Electric Vehicle Market Overview
• Taiwan Electric Vehicle Market Outlook
• Taiwan Electric Vehicle Market Forecast
• Historical Data and Forecast Taiwan Electric Vehicle Market Revenues and Volume for the Period 2019-2025F
• Historical Data and Forecast of Taiwan Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2019-2025F
• Historical Data and Forecast of Taiwan Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
• Historical Data and Forecast of Taiwan Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2019-2025F
• Historical Data and Forecast of Taiwan Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2019-2025F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Taiwan Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Vehicle Types

• Electric 2-Wheeler
• Electric 3-Wheeler
• Electric 4-Wheeler
• Passenger Car
• Light Commercial Vehicle (Goods Carrier)
• Electric Bus
• Electric Truck

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private

Taiwan Electric Vehicle Market: FAQs