Market Forecast By Vehicle Types (Electric 2-Wheeler, Electric 3-Wheeler, Electric 4-Wheeler (Passenger Car and Light Commercial Vehicle (Goods Carrier)), Electric Bus and Electric Truck), By Charger Types (AC and DC), By DC Charger Connector Types (CHAdeMO, CCS and Others (including Tesla superchargers and GB/T), By DC Charger Power Ratings (40-80 kW, 80-120 kW and 120-200 kW), By Charger End Consumers (Public and Private) And Competitive Landscape.
Product Code: ETC072134 | Publication Date: Feb 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 8 | |
Report Name | Taiwan Electric Vehicle Market |
Forecast period | 2025-2031 |
CAGR | 11.6% |
Growing Sector | Transportation Sector |
Taiwan Electric Vehicle Market report thoroughly covers the market By Vehicle Types, By Charger Types, By DC Charger Connector Types, By DC Charger Power Ratings, By Charger End Consumers. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Taiwan electric vehicle market is expected to experience significant growth in the coming years, with a projected CAGR of 11.6% by 2031. This growth can be attributed to various factors such as government initiatives to promote electric vehicles, increasing demand for sustainable transportation solutions, and advancements in technology.
According to 6Wresearch, the Taiwan Electric Vehicle Market Size is expected to reach a significant CAGR of 11.6% during the forecast period 2025-2031. A significant factor that has promoted the development of the electric vehicle market in Taiwan is the government's commitment to minimizing carbon emissions and addressing air pollution. The government has instituted policies and incentives to motivate consumers to purchase electric vehicles, including tax cuts and subsidies for the purchase of EVs. There are also plans to expand charging infrastructure throughout Taiwan, which will make owning an EV more practical for consumers. In addition, the growing awareness about climate change and the need to reduce relying on fossil fuels has contributed to the rising popularity of EVs in Taiwan. As a small island state, Taiwan is especially susceptible to climate change, which has made it one of the main priorities of the government to transition society to cleaner modes of transport.
Despite these many aspects of growth, there are still some challenges to address for electric vehicles to become the preferred method of transportation in Taiwan. One of the foremost challenges that electric vehicles face is limited driving range. While improvements in battery technology mean that the driving range of electric vehicles has improved, it still does not match the driving range of conventional gasoline-powered vehicles. Meaning drivers will often need to stop and charge their vehicle in an inconvenient and timely manner.
Taiwan observes trends in the Electric Vehicle Market regarding advanced battery technology and the need for autonomous driving technologies in electric vehicles. With innovations in battery technologies, including solid-state batteries that use better materials for greater energy density and faster charging, Taiwan is positioning itself as a technology hub in EV manufacturing. Another emerging trend is the growing number of partnerships between domestic auto manufacturers and international automakers to design and manufacture cost-effective electric vehicles for the market. Lastly, the emergence of ride-sharing platforms with EV fleets is changing urban mobility in Taiwan.
The Taiwan Electric Vehicle Market Growth presents some intense opportunities for investments over a variety of sectors. Investors are keen on plunking down capital into the charges of battery manufacturing, infrastructure for EV charging, and research activities on energy efficiency. The historical semiconductor industry in Taiwan also plays an integral role in inducing innovations for the production of electric vehicles because they heavily depend on advanced chips and electronic components. Most importantly, fresh capital investments are now being driven through partnerships between upcoming start-ups and other large mobility players, which would further enhance an alive innovation ecosystem.
Several companies are leaders in the Taiwan Electric Vehicle Market Share, which includes revenue generated by battery technologies and infrastructure, as well as by manufacturing EVs. Key players in the industry include some of the most recognizable automakers in the world and some of the most innovative companies in Taiwan. Some of the recognizable names associated with the growth of electric vehicles in Taiwan include Tesla, Gogoro, and Hon Hai Precision Industry Co. - more commonly recognized as Foxconn. Gogoro has especially been noted for their battery-swapping technology, which helps the complex issue of limited range for electric scooters and motorcycles, a popular mode of transport throughout urban areas in Taiwan.
Government regulations significantly influence the development of the Electric Vehicle Market in Taiwan. Policies include tax breaks, incentives for the purchase of EVs, and grants for research and development and enable the adoption of electric vehicles. Emission regulations compelling traditional automobile manufacturers to convert to electric models also play a role. The Taiwanese government aims for ambitious goals, such as phasing out gasoline motorbikes and conventional combustion engine cars within the next decade, thereby affirming its commitment to transforming the mobility landscape.
The prospects of Taiwan Electric Vehicle Industry looks good since the advancement of innovation and policy adjustments align well with global sustainability trends. With growing consumer demand, Taiwan is positioned to become a major player in the global EV market. Energy efficiency technology, capital investment for developing smart grid infrastructure, and a focus on renewable energy sources to advance, will offer more opportunity for advancement. Finally, the adoption of artificial intelligence into the electric vehicle industry and smart mobility solutions will most likely be the next steps in the evolution of the Taiwan Electric Vehicle Market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, The Electric 2-Wheeler is anticipated to dominate the market in the coming years. This dominance can be attributed to the high demand for affordable and efficient modes of personal transportation in urban areas, coupled with their lower operational costs and suitability for short-distance travel.
DC Charger segment Dominate the Market- By Charger Types
The DC chargers are expected to dominate the market due to their ability to provide faster charging times, catering to the increasing demand from EV users for convenience and efficiency.
The CCS (Combined Charging System) are anticipated to gain a competitive edge due to their compatibility with numerous EV manufacturers and their ability to support both AC and DC charging.
The 80-120 kW segment is anticipated to dominate the Taiwan electric vehicle market during 2025-2031. This rating strikes an optimal balance between charging speed and infrastructure costs, making it highly appealing for both commercial and public charging networks.
The public charger segment is anticipated to dominate the market during this period. This is primarily due to rising investments in charging infrastructure, urbanization, and the need to support a growing number of EV users with accessible charging stations.
The report provides a detailed analysis of the following market segments:
1. Introduction |
1.1 Market Scope & Segmentation |
1.2 Research Methodology – Sources of Information |
1.3 Robust Forecasting Model |
1.4 Assumptions |
2. Taiwan Electric Vehicle Market Overview |
2.1. Taiwan Electric Vehicle Market Overview |
2.2. Taiwan Electric Vehicle Market Revenues and Volume, 2021-2031F |
2.3. Taiwan Electric Vehicle Market Revenue Share, By Types |
2.3.1. Taiwan 2-Wheeler Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
2.3.2. Taiwan 3-Wheeler Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
2.3.3. Taiwan 4-Wheeler Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
2.3.4. Taiwan E-Truck Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
2.3.5. Taiwan Goods Carrier Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
2.4. Taiwan 4-Wheeler Electric Vehicle Market Revenues and Volume, 2021-2031F |
2.5. Taiwan 4-Wheeler Electric Vehicle Market Overview, By Types |
2.5.1. Taiwan Passenger Car Electric Vehicle Market Revenues and Volume, 2021-2031F |
2.5.1. Taiwan Light Commercial Electric Vehicle Market Revenues and Volume, 2021-2031F |
2.6. Taiwan Electric Bus Market Revenues and Volume, 2021-2031F |
3. Taiwan Electric Vehicle Charging Infrastructure Market Overview |
3.1. Taiwan Electric Vehicle Charger Market Revenues and Volume, 2021-2031F |
3.2. Taiwan Electric Vehicle Charger Market Revenue and Volume Share, By Types, 2021 & 2031F |
3.2.1. Taiwan AC Charger Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
3.2.2. Taiwan DC Charger Wheeler Electric Vehicle Market Revenue and Volume Share, 2021 & 2031F |
3.3. Taiwan Electric Vehicle Charger Market Revenues and Volume, By Type 2021-2031F |
3.3.1. Taiwan AC Charger Electric Vehicle Market Revenues and Volume, 2021 & 2031F |
3.3.2. Taiwan DC Charger Wheeler Electric Vehicle Market Revenues and Volume, 2021 & 2031F |
3.4. Taiwan Electric Vehicle Charger Market Volume Share, By End Consumers, 2021 & 2031F |
3.4.1. Taiwan Public End Consumer Electric Vehicle Charger Market Volume, 2021-2031F |
3.4.1. Taiwan Private End Consumer Electric Vehicle Charger Market Volume, 2021-2031F |
3.5. Taiwan DC Charger Market Volume Share, By Connector Types, 2021 & 2031F |
3.5.1. Taiwan CHAdeMO DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.5.2. Taiwan CCS DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.5.3. Taiwan Other DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.6. Taiwan DC Charger Market Volume Share, By Power Rating, 2021 & 2031F |
3.6.1. Taiwan 40-80 kW DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.6.2. Taiwan 80-120 kW DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.6.3. Taiwan 120-200 kW DC Electric Vehicle Charger Market Volume, 2021-2031F |
3.7. Taiwan Electric Vehicle High Power Charger Market Volume, 2022F-2031F |
3.8. Taiwan Electric Vehicle Charging Infrastructure - Ecosystem |
4. Taiwan Electric Vehicle Charging Infrastructure Competitive Landscape |
4.1. Taiwan Electric Vehicle Charger Volume, By Company, 2021 |
4.2. Taiwan Electric Vehicle Charger Market Volume Share, By Company, 2021 |
5. Company Profiles |
6. Disclaimer |
List of Figures |
1. Taiwan Electric Vehicle Market Revenues and Volume, 2021-2031F ($ Million, Units) |
2. Taiwan Electric Vehicle Market Revenue Share, By Types, 2021 & 2031F |
3. Taiwan Electric Vehicle Market Volume Share, By Types, 2021 & 2031F |
4. Taiwan 4-Wheeler Electric Vehicle Market Revenues and Volume, 2021-2031F ($ Million, Units) |
5. Taiwan Electric Bus Market Revenues and Volume, 2021-2031F ($ Million, Units) |
6. Taiwan Electric Trucks Market Revenues and Volume, 2021-2031F ($ Million, Units) |
7. Taiwan Electric Vehicle Charger Market Revenues and Volume, 2021-2031F ($ Million, Units) |
8. Taiwan Electric Vehicle Charger Market Revenue Share, By Types, 2021 & 2031F |
9. Taiwan Electric Vehicle Charger Market Volume Share, By Types, 2021 & 2031F |
10. Taiwan AC Charger Market Revenues and Volume, 2021-2031F ($ Million, Units) |
11. Taiwan DC Charger Market Revenues and Volume, 2021-2031F ($ Million, Units) |
12. Taiwan Electric Vehicle Charger Market Volume Share, By End Consumers, 2021 & 2031F |
13. Taiwan DC Charger Market Volume Share, By Connector Types, 2021 & 2031F |
14. Taiwan DC Charger Market Volume Share, By Power Ratings, 2021 & 2031F |
15. Taiwan Electric Vehicle High Power Charger Market Volume, 2020E-2031F (Units) |
16. Taiwan Electric Vehicle Charger Market Volume Share, By Company, 2021 |
List of Tables |
1. Taiwan 4-Wheeler Electric Vehicle Market Revenues, By Types, 2021-2031F ($ Million) |
2. Taiwan 4-Wheeler Electric Vehicle Market Volume, By Types, 2021-2031F (Units) |
3. Taiwan Electric Vehicle Charger Market Volume, By End Consumers, 2021-2031F (Units) |
4. Taiwan DC Charger Market Volume, By Connector Types, 2021-2031F (Units) |
5. Taiwan DC Charger Market Volume, By Power Ratings, 2021-2031F (Units) |
6. Taiwan Electric Vehicle Charger Volume, By Company, 2021 |