cens logo

The Current Outlook of the EV Market: industry expert

Oct 25, 2021 | By EDN

According to the Paris Agreement in 2015, emissions from global transportation made up 23% of overall greenhouse gasses and were on track to reach 50% by 2050 if things were maintained as usual. Thus, the electrification of vehicles on the road appeared to be the inevitable trend to lessen the impact of greenhouse emissions on global temperatures.

To limit global warming of temperatures below 2℃, IEA had said global sales of electrified vehicles (including BEV, PHEV, and FCEV) must reach 35% by 2030. Since then, many countries have pledged to cut carbon emissions by 2030 and net-zero by 2050, while for companies and global auto brands, such pledges had also accelerated the EV industry growth.

However, for Taiwanese suppliers, tapping into Tier 1 auto companies had remained difficult during the ICE era due to Taiwan's slower entry and smaller domestic market scale. With technologies moving from ICE to electricity-powered, the vehicle's overall design requires a complete revamp as well, and overhauling of three core key parts in the supply chain (batteries, motors, and electrical control.) The industry and governments must also rebuild new infrastructure to charge EVs and redevelop new ecosystems. Therefore, regardless of whether there is a record-growing demand for EVs globally or the existing production chain must evolve, Taiwan's reputation in the ICT field means suppliers will have a better opportunity to gain a stake in the burgeoning EV industry.

Industry expert from ITRI Industrial Economics and Knowledge Center James Hsiao writes that suppliers could focus on the vehicle and charging infrastructure to further development in the EV industry. In terms of vehicle design, passenger vehicles are regarded to have huge market potential and growth. Notable areas to develop are pursuing R&D and entering supply chains fielded by industry giants, like Tesla in this instance, or addressing untapped issues by working with traditional auto brands. The experience gained through these collaborations would help strengthen Taiwanese suppliers' product inspection and certification infrastructure. In the long-term, those working closely with global auto brands could lead the domestic industry to upgrade integration efforts, platform development and bolster domestic EV industry expansion.

Aside from passenger cars, another untapped market with huge potential is focusing on electrifying public transportation, or in this case, EV buses. Taiwan's advancement in this particular market was largely bolstered by policies enacted in 2020, which aim to electrify the island's entire fleet by 2030. However, the industry had already made strides in development beforehand.

For example, Master Transportation Bus was able to obtain designing and R&D certification capabilities in 2016, global manufacturing and domestic production certifications, and passing safety certifications for EV chassis and overall vehicles from Taiwan's Automotive Research & Testing Center. The Taiwanese manufacturer's in-house capabilities, domesticizing production efforts, and building net-zero capable factory plants under the government initiatives have garnered the attention of Saudi Arabia's Saudi Vision 2030 initiative. The initiative aims to produce EV buses through turnkey solutions and technological know-how cooperation to supply neighboring countries.


In terms of charging stations, technological development in this area was notably slower due to differing AC and DC charging needs and standards in each country. As such, R&D for charging stations requires close interaction with auto brands' development of new EVs to fulfill low-volume, high-mix demands.

Foxtron Vehicle`s newest EV lineup, Model C. (Photo courtesy of MIH)Foxtron Vehicle`s newest EV lineup, Model C. (Photo courtesy of MIH)


Industry In-Focus

TAITRA Chairman James Huang and VIPs tour an electric bus at the 2035 E-Mobility Taiwan show. (Photo credit: TAITRA)

2035 E-Mobility Taiwan draws to a close, presents tangible results of recent trends

Oct 22, 2021

The first edition of the three-day in-person 2035 E-Mobility Taiwan wrapped up to a close on the 22nd, with its virtual edition continuing to Nov. 20. E-Mobility is an international exhibition that showcases the electric vehicle and self-driving car ecosystem. As show organizer TAITRA's Chairman James Huang said during his opening ceremony remarks on the 20th, the much-touted show is intended ...


A photo depicting the production setup of a fastener supplier. Photo credit: MOEA DoIT

Taiwan's fasteners seek to optimize production with new tech

Oct 18, 2021

Taiwan is among the top exporters of fasteners, ranging from screws, nuts, and bolts, thanks to over 70 years of industry experience. The island's industry hub is concentrated in Kaohsiung's Gangshan and Luzhu Districts, where fastener makers are a common fixture in the community. According to Metal Industries Research & Development Centre's (MIRDC) statistics, Taiwan's export volume is only ...


File photo by UDN.

New challenges could hurt Taiwan's top-performing machinery exports

Oct 13, 2021

Taiwan Association of Machinery Industry Chairman Wei Tsan-wen warned with China's power shortages and the subsequent impact on raw material prices, delivery for key parts will see extensions and affect Taiwan's well-performing machinery production and exports in Q4. Wei pointed out that despite the power shortages and production cuts of resource-intensive steel materials, steel prices remain ...



Industry Reports

Photo Credit: UDN/Associated Press

Magnesium shortages could further rock global production chains

Oct 18, 2021

Amid the news of product and raw material shortages due to many issues in the global production chain and export countries, aluminum makers warned about the incoming shortage of magnesium, a crucial component in the production of alloys. International news outlets have pointed to the energy crisis in China as the nexus point that further worsened the snowball effect of shortages of essential r...


Taipower warns of stressed power grid in orange-level capacity</h2>

Taipower warns of stressed power grid in orange-level capacity

Oct 08, 2021

Taiwan Power Co. (Taipower) announced that as of Thursday evening, the operating reserve of electricity was reported to be at only 4.32%, with the state power supplier's status index showing an orange light indicating a stressed capacity in the afternoon. The news comes amid heightened awareness regarding energy supply as countries around the world battle with impending power shortages or pow...


Supply chain woes to continue: BofA Global Research</h2>

Supply chain woes to continue: BofA Global Research

Sep 24, 2021

Supply chain disruptions caused by the COVID-19 pandemic could severely worsen this year to another level, reported BofA Global Research. The industry research report issued on Thursday presented a pessimistic outlook. Analysts at the Bank of America said the many issues seen in the U.S. are only the beginning, such as the lack of workers unloading sea freight containers. "These issues will l...



Supplier News

Helical gear units. Photo courtesy of Chenta Precision.

CHENTA PRECISION MACHINERY IND. INC.

Sep 17, 2021

Chenta Precision Machinery is a global supplier of reliable and quality gearbox solutions. At present, global standards of industry specifications adhere to Germany's SEW measurement system, which are also appliable to regions such as Asia, China and Europe. However, the American market adheres to the U.S. system usage of inches. Chenta offers a range of gear reducers under these two metric syste...

CHENTA PRECISION MACHINERY IND. INC.


Career Industry supplies paper-tube, yarn-core making machines and peripheral processing equipment</h2>

Career Industry supplies paper-tube, yarn-core making machines and peripheral processing equipment

Sep 13, 2021

The Taiwan-based Career Industry Corp. is a supplier and coordinator of paper-tube making equipmentwith sales and technical services, with over 20 years of experience. Career supplies a very wide range of machinery products to meet the various requirements, including paper tube-making, paper tube winder, slitter/rewinder, and paper tube-cutting machines, as well as partiallyoriented yarn (POY)...

CAREER INDUSTRY CORP.


Chen Fwa Industrial makes variety of high-precision,  automatic drilling, tapping machineries, multi-spindle heads</h2>

Chen Fwa Industrial makes variety of high-precision, automatic drilling, tapping machineries, multi-spindle heads

Sep 13, 2021

Chen Fwa Industrial Co., Ltd., founded in 1964, has released a variety of high-precision, automatic drilling machines, tapping machines and drill bits, which are available in mainland China, Southeast Asia, North America, Latin America, East Europe and Western Asia. With ample experience and a team of skilled design engineers, the company is fully capable of introducing high-precision, special...

CHEN FWA INDUSTRIAL CO., LTD.



Insiders' Views

Nan Hoang Traffic Instrument Co., Ltd.</h2><p class='subtitle'>Taiwan First brakes Technology Co., Ltd. </p>

Nan Hoang Traffic Instrument Co., Ltd.

Taiwan First brakes Technology Co., Ltd.

Mar 04, 2021

Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


OmniEyes CEO and Co-Founder Chun-Ting Chou. (Photo courtesy of OmniEyes)

OmniEyes' AI Technology Paves the Way for Traditional Industries' Digital Transition

Dec 15, 2020

The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...


Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...



Exhibition Highlights

TAITRA Chairman James Huang and VIPs tour an electric bus at the 2035 E-Mobility Taiwan show. (Photo credit: TAITRA)

2035 E-Mobility Taiwan draws to a close, presents tangible results of recent trends

Oct 22, 2021

The first edition of the three-day in-person 2035 E-Mobility Taiwan wrapped up to a close on the 22nd, with its virtual edition continuing to Nov. 20. E-Mobility is an international exhibition that showcases the electric vehicle and self-driving car ecosystem. As show organizer TAITRA's Chairman James Huang said during his opening ceremony remarks on the 20th, the much-touted show is intended ...


International Fastener Show China 2021 is always going up </h2>

International Fastener Show China 2021 is always going up

Jul 16, 2021

With an exhibition area of 42,000 square meters, there were breakthroughs of the scale and level for International Fastener Show China 2020. IFS China gathered 725 renowned enterprises and set up 1936 booths, attracting 36,080 visitors including 4212 overseas visitors from 53 countries and regions in 2020. For last edition, IFS China 2020 boasted an active participation of overseas equipment ...


One month-long COMPUTEXVirtual kicks off this week with keynote speeches</h2>

One month-long COMPUTEXVirtual kicks off this week with keynote speeches

Jun 01, 2021

The 2021 Taipei International Computer Show (COMPUTEX TAIPEI 2021) kicked off its #COMPUTEXVirtual online exhibition on May 31, peppering online keynote events throughout the one-month event. Intel Executive Vice President and Chief Revenue Officer Michelle Johnston Holthaus led the opening keynote speech, sharing how the rapidly accelerating digital transformation can release a new era of inn...