There will be a boom in the popularity of electric vehicles in Taiwan in five or six years, Minister of Economic Affairs Shih Yen-shiang (施顏祥) said on Tuesday while presiding over a ceremony to mark the launch of a government project aimed at encouraging people to buy electric vehicles.
Shih said he arrived at the venue, the National Taiwan Science Education Center in Taipei, in an electric vehicle.
“It’s really cozy,” he said.
Photo: Liu Hsin-de, Taipei Times
Although such vehicles are not cheap, the Smart Electric Cars Pilot Project initiated by the Ministry of Economic Affairs has been set up to help people buy or lease such vehicles.
FUNDING
Under the three-year project, which has central-government funding of NT$2.2 billion (US$72.79 million), local governments will begin to build the basic infrastructure required for electric vehicles, including battery-charging stations, Shih said.
Once the market and relevant systems have expanded in five or six years, the electric vehicle industry will “rise up,” he said.
Under the ministry’s project, the Greater Taipei area and Greater Taichung would be the first regions in the country to implement low-carbon transportation options.
CHARGING STATIONS
In the capital, Yulon Motor Co (裕隆汽車) will make available 40 of its Luxgen multipurpose vehicles and 60 of its Tobe-brand M’Car compact cars for short-term leasing, while the governments of Taipei City and New Taipei City (新北市) will have the option of setting up 100 electric car charging stations around the greater Taipei region in the coming years, according to the Taipei Metropolis Low-Carbon Travel Program.
Greater Taichung has plans to build 161 charging stations and has purchased 64 electric vehicles for public use.
Shih said he expected Greater Tainan and Greater Kaohsiung would quickly catch up with the two pioneer regions in the promotion of low-carbon transport.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would