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Taiwan’s EV adoption surges as investments top US$865 million, outpacing targets

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.