HOSTON ENERGY
27, September, 2023
——The government invested US$30 million in the construction of Taiwan EV charging stations
——Many operators have begun to improve electric vehicle charging station facilities
Government Investment
In light of the continuous rise in the number of EVs in Taiwan, the Executive Yuan has granted approval to the Ministry of Transportation and Communications’ (MOTC) proposition for a scheme dedicated to setting up public EV charging stations.
The budget for the program is NT$980 million. It specifically provides financial support to counties and cities with the goal of accelerating transportation electrification and carbon reduction goals. Benefiting from these policy incentives, the local supply chain related to charging infrastructure is expected to improve operational efficiency in the second half of 2023.
As of July 2023, the Ministry of Transport has received subsidy applications from 19 counties and cities. Currently, subsidies have been approved for seven counties and cities including Taipei and Hsinchu.
According to DGH data, as of June 2023, the number of registered electric passenger vehicles has increased to 46,919. Compared with the same period in 2022, there was a surge of 22,915 people, a growth rate of 95%.
The trend highlights the rapid expansion of electric vehicles in Taiwan in recent years.
Operators Responded Positively
Along with policy incentives, Taiwan’s charging station operations have gradually committed to establishing complete charging infrastructure in various places. They are actively installing EV charging stations in key locations such as major department stores, convention and exhibition centers, industrial zones, and technology industrial parks.
The central government has set a special subsidy amount of NT$980 million, with a subsidy period of two years. The goal proposed by the strategy is to install 4,000 slow EV charging stations and 400 fast EV charging stations. Under this framework, the maximum subsidy amount for the former is NT$80,000 per unit, and the maximum subsidy amount for the latter is NT$2 million per unit.
Taiwan’s electric vehicle market continues to expand, and a large number of operators are beginning to enter the charging station market.
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