Electric vehicle sales in Taiwan to rise 31% this year: ITRIBy Lisa Wang / Staff reporterSales 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. 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.

Source: Taipei Times November 08, 2022 00:03 UTC