A sweeping Republican-sponsored bill informally dubbed the “One Big Beautiful Bill Act” has cleared both chambers of Congress and now awaits President Donald Trump’s signature. Once signed into law, it will repeal the Inflation Reduction Act (IRA), a cornerstone of former President Biden’s climate and clean energy agenda, effectively marking the end of a short-lived era of generous federal subsidies for electric vehicles and renewable energy.

Driven by global industrial trends and supportive local policies, Taiwan has taken an aggressive lead in developing its electric scooter industry. With major players like Gogoro Network and Kymco’s Ionex already entrenched, a potential new entrant — a coalition between Sanyang Motor (SYM) and CPC Corporation, Taiwan’s state-owned oil company — is sparking debate over whether the market can support a third battery-swapping system.