As the energy transition accelerates, behind-the-meter energy storage is emerging as a key tool to boost efficiency and manage peak power demand. While the industry sees strong market potential, large electricity consumers, including factories, remain cautious, citing uncertain payback periods and regulatory challenges.

In Taiwan, the manufacturing sector generates 51.37% of the country’s greenhouse gas emissions, followed by 19.87% from the residential and commercial sectors, and 12.69% from transportation. Government subsidies and incentives have spurred major automakers from Europe, the US, Japan, and South Korea to introduce electric vehicles (EVs) to Taiwan. Foxconn’s entry into the electric bus market has further propelled EV adoption, with both the sales ratio of electric passenger cars and the penetration rate of electric buses surpassing government targets.

The self-driving car industry has bounced back from a Cruise incident in 2023 thanks to advancements in generative AI. These innovations in AI robotics now place the industry on the verge of potentially exceeding US$1 trillion, highlighting it as a notable force in technology.