Within the next couple years smart-control technology could make downtown cities cleaner as hybrid scooters switch from polluting petrol to electric power in crowded central districts if a Tainan-based green energy developer has its way.
With a NT$30 million grant from the government, Ji Ee Industry Co (
"The hybrid scooters will use a pure electric motor downtown to reduce emissions, and then when they go to the suburbs they can transform to gasoline," Jie Ee deputy vice president Charles Chiu (
A built-in computer system will sense when the scooter's speed drops below 25kph and automatically switch over to electric power, Chiu said.
This country has one of the highest concentrations of scooters in the world with over 10 million on the roads here in a population of 23 million, according to government estimates.
Last year, 600,000 new vehicles were added to the previous year's figures, Chiu said.
To prevent Taiwan's cities from choking under an ever increasing blanket of smog, the government offered hand-outs of NT$4,000 to everyone who bought electrically powered scooters, but canceled the scheme last year when less than 5 percent showed interest.
"Electric scooters don't have the range of gasoline ones," Chiu said.
"Our electric model has a range of 60km before it needs recharging. That means an effective radius of 30km, and most people didn't think that would be enough."
The government's new scheme to cut back on emissions is to funnel the electric scooter hand-out fund into reducing emissions through fuel injected engines.
Chiu worries this won't cut emissions enough in inner cities, which is why he secured government funding for the hybrid engine.
"Electric engines have zero emissions which is essential to reduce pollution in cities," Chiu said.
"In the suburbs the bikes can use the gasoline engine as there is more space. This has the added benefit that the gas engine can recharge the electric motor, eliminating the range problem of a purely electric model," he said.
Ji Ee's sister company, Eton Solar Tech Co (益通光能科技) is also trying to cash in on green energy.
The company makes solar cells for use in power-generating panels that appear on roofs, buildings, toys and consumer electronic goods such as calculators.
The government offers up to 50 percent of the cost of installing solar panels and a further 5 percent to 20-percent tax reduction for corporations that choose to go green with solar energy, Eton Solar's spokeswoman Ivette Chien (
The worldwide demand for solar energy increased by 32 percent last year from 390.52 megawatts (MW) in 2001 to 512.22MW last year, according to the solar industry's Photovoltaic Magazine.
Eton's solar cells are expected to produce 9MW of energy this year, but the company hopes to increase production to between 20MW and 30MW next year.
The company is also researching new solar technologies that may one day bring us an energy producing film that can be stuck to a window to produce electricity, Eton Group vice president Tsai Chin-yao (
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to