Headline Target: All new cars sold by 2040 will be ‘electric’.

Car Manufacturing Country: Ford Lio Ho Motor, Yulon Motors.

Purchase Incentives for Cars: Vehicle licensing tax exemption, commodity tax exemption, fuel user fee exemption

Supplier Regulation Policy: Emissions performance standard

Infrastructure Incentives: Grants for public and private chargers.

Taiwan’s BEV sales have jumped up in recent years. Tesla is the dominant player in this market segment highlighting that BEVs remain a comparative luxury item in the country. This is exacerbated by the lack of monetary incentives such as sales grants allocated to motorists. Although tax incentives help to negate the effects of a higher sticker price, they do not lower that initial cost.

Overall car ownership in the country is low and electrifying other modes of transport such as bus services will be important in reducing the country’s transport emissions. However, ensuring Taiwan stops the sale of petrol and diesel vehicles will still be crucial. The government has yet to commit to a phase-out date which would help to ensure a roadmap to full electrification.