The world’s electric vehicle (EV) market is about to enter a “warring states” phase and Taiwanese companies in the supply chain have to be ready to seize their chance, Taiwan External Trade Development Council (TAITRA, 外貿協會) chairman James Huang (黃志芳) said on Tuesday last week in Taipei.
Huang’s remarks came as governments worldwide implement stricter auto emission standards and favorable policies on purchasing electric vehicles, and as the industry has surged over the past few years.
Many countries are also promoting buying electric vehicles as part of economic stimulus measures, despite the potential lasting effects of the COVID-19 pandemic on auto sales.
According
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