Sales of fully electric vehicles (EVs) in Taiwan are to experience rapid growth over the next three years, expecting to account for about 30 percent of new vehicle sales as early as next year, jumping from 15.2 percent last year, the Industrial Technology Research Institute (ITRI, 工業技術研究院) said yesterday.
Sales of new EVs in Taiwan this year are to surge 31 percent year-on-year to 89,000 units, comprising about 20.3 percent of total sales of 438,000 new vehicles, the ITRI said.
However, that would be a 2.67 percent reduction in Taiwan’s vehicle market from an aggregate of 450,000 units last year, it said.
Photo: I-Hwa Cheng, Bloomberg
With a new model from Luxgen Motor Co (納智捷汽車) to be introduced next year, the ITRA said it expects new EV sales to rise 24.7 percent annually to 111,000 units next year.
Luxgen, Yulon Motor Co’s (裕隆汽車) own-brand car vendor, plans to launch its first all-electric sports utility vehicle, the Luxgen n7, next year.
The company has received more than 25,000 pre-orders for the vehicle, which is to be built using Foxtron Vehicle Technologies Co’s (鴻華先進) model C prototype.
New EV sales are to comprise 24 percent of total new vehicle sales next year and reach about 29.6 percent in 2024 after seeing a 22.52 percent year-on-year growth to 136,000 units, the ITRI said.
Overall new vehicle sales are to grow 2 percent to 458,000 units in 2024, it added.
With EV sales growing rapidly, Taiwan should build a resilient power grid given that the vehicles are likely to create a massive demand for electricity, ITRI president Edwin Liu (劉文雄) said.
There are expected to be 519,000 EVs on the road in 2030, consuming about 1.2 billion kilowatt hours each year, he said at a seminar in Taipei yesterday, citing Ministry of Transportation and Communications data.
Liu proposed adopting vehicle-grid integration technology to achieve Taiwan’s decarbonization and EV adoption goals and power requirements by 2050, after California launched a similar project.
The technology stabilizes a grid’s power supply through bidirectional charging, he said.
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