TAIWAN ELECTRIC CAR MARKET

INTRODUCTION

Electric cars work by being plugged into a charging station. It then starts charging the automobile by using power from the grid, just like all electrical gadgets.

Rechargeable batteries in the automobile are used to store the electricity, which powers an electric motor that moves the wheels as a conventional gasoline engine would.

Since there are no gears to shift through, electric automobiles seem lighter to drive since they accelerate more quickly than vehicles with conventional fuel engines.

Taiwan's electronics firms are well-positioned to benefit from the worldwide transition to electric automobiles (EVs). In the past, Taiwanese businesses had trouble leaving a significant mark on the supply chain for internal combustion engine automobiles.

Automobiles need more electronic components than ever before, though, as automakers shift their focus more and more toward EVs. The need for smarter, more environmentally friendly automobiles has spread around the world. Meanwhile, the epidemic has made private transportation more necessary.

TAIWAN ELECTRIC CAR MARKET SIZE AND FORECAST

The Taiwan Electric Car Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

TAIWAN ELECTRIC CAR MARKETNEW PRODUCT LAUNCH

In a drive to establish itself as a key participant in the automotive sector,  Foxconn has shown three electric car prototypes. Under the new "Foxtron" moniker, the Taiwanese corporation displayed an SUV it calls the Model C, a car it calls the Model E, and a bus it calls the Model T.

Ford could object to the naming scheme, but it doesn't appear like Foxconn intends to produce these particular cars on its own.

Instead, it wants them to be viewed as reference designs, illustrations of the kinds of cars that may be constructed using the EV platform it has been creating, and promotional materials for the automotive hardware and software it intends to market.

The prototypes were actually produced by Taiwanese carmaker Yulun Motor, which Foxconn announced as its first client for its platform, rather than by Foxconn at all. Foxconn continues to make significant promises regarding the capabilities of its platform.

According to the manufacturer, the Model E can reach 100 kilometres per hour in less than three seconds and go 750 kilometres (or 466 miles) on a single charge. The Model C's peak speed is 700 km (435 miles), and it accelerates to 100 kilometres per second slower. According to Foxconn, the bus has already been tested for hundreds of thousands of miles.

TAIWAN ELECTRIC CAR MARKETCOMPANY PROFILE

• Foxconn
• Nissan Motor Company
• Tesla Inc.
• Yulon Motor
•  Ford 
• BMW

TAIWAN ELECTRIC CAR MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Electric Cars are manufactured per annum in Taiwan? Who are the sub-component suppliers in this region?
2. Cost breakup of a Taiwan Electric Car and key vendor selection criteria
3. Where is the Electric Car manufactured? What is the average margin per unit?
4. Market share of Taiwan Electric Car market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Taiwan Electric Car in-house
6. key predictions for next 5 years in Taiwan Electric Car market
7. Average B-2-B Electric Car market price in all segments
8. Latest trends in Electric Car market, by every market segment
9. The market size (both volume and value) of the Electric Car market in 2024-2030 and every year in between?
10. Production breakup of Electric Car market, by suppliers and their OEM relationship