Gogoro eyes 20% market share through subsidies - News Summed Up

Gogoro eyes 20% market share through subsidies


Gogoro eyes 20% market share through subsidiesBy Lisa Wang / Staff reporterThe government’s new and larger-scale subsidies for scooter replacements would drive electric scooter demand, Gogoro Inc (睿能創意) said yesterday, boosting electric scooter’s market share to about 20 percent this year, from 15 percent last year. The spread of COVID-19 has also helped propel electric scooter sales as people avoid public transportation to prevent contracting the virus, the company said. “The epidemic gave an unexpected boost [to sales],” Gogoro chief marketing executive Chen Yen-yang (陳彥揚) told the Taipei Times at the launch of the Gogoro 3 Delight, a new addition to the Gogoro 3 series. For this year, Gogoro forecasts that about 200,000 new electric scooters would be sold, versus the whole scooter market, totaling 950,000 units. Central and local governments are providing subsidies for riders who replace their old four-stroke scooters with electric scooters or new gas-fueled scooters, starting this year.


Source: Taipei Times March 12, 2020 15:56 UTC



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