With only an 11% market share last year, the electric locomotive industry is far from achieving its 2040 full electrification target.
According to the National Development Council's "2050 Net Zero Carbon Emissions Pathway," Taiwan expects electric motorcycles to account for 35% of all vehicles sold on the market by 2030, and all new passenger cars, including new cars, to be fully electrified by 2040. The Smart Mobility Association of Taiwan (SMAT), composed of electric motorcycle-related companies, released its "2022 Taiwan Electric Motorcycle Industry Policy Proposal" today (1st), proposing to reach 50% of the electric motorcycle target by 2030, while also encouraging local governments to set a timetable for achieving the target earlier than 2040. SMAT recommends that the government accelerate the achievement of the vehicle electrification goal through strategies such as increasing subsidy incentives, improving the environmentally friendly environment, or using policies to reward companies for choosing electric vehicles as their ESG solutions. Legislator Wang Wanyu and civil society groups also reminded that "people-oriented transportation" is the key to carbon reduction in the transportation sector, and that green public transportation should be promoted more actively. In order to achieve full electrification of new motorcycles sold by 2040, the industry calls for strengthening mid-term goals. The National Development Council announced Taiwan’s "2050 Net Zero Carbon Emission Path" in March this year. In terms of the transportation sector, the transportation sector’s greenhouse gas emissions in 2019 were approximately 36.99 million metric tons of CO2e, accounting for 12.8% of the country. Its emissions mainly came from road transportation, accounting for about 96.8%. It can be seen that promoting low-carbon or zero-carbon road vehicles is the primary path to net-zero transportation emissions. The current international trend is to replace traditional fuel vehicles with electric vehicles, so "vehicle electrification" has also been specifically included in the net-zero strategy. The National Development Council plans to achieve the goal of electric vehicles by 2030.