Page 31 - TTG-Taiwan Transportation Equipment Guide (TTG)2022-04 Edition

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Industry Trends

Electrification is Here to Stay

Despite the hurdles, the electrification
of fleets, ranging from the consumer
market to commercial markets like logistic
trucks, is here to stay. As EVs become
more available, options for EV charging
have become increasingly common and
faster than in the past, especially for
options in public spaces.

Technology advancements have
made it possible for EV owners to charge
at home as well, ranging from plug-in
Master Transportation Bus Manufacturing showcases its electric bus chargers, or futuristic options like no-plug
model and charging station at the 2035 E-Mobility Taiwan show in 2021. charging areas in parking spaces, which

concentrated in Asian countries, two-thirds of the is still going through development by
production for electrical steel takes place in China Taiwanese suppliers.
and South Korea as well. As of writing, China and
South Korea are facing their own Omicron-fueled Electrification introduces several difficulties,
outbreaks that are at their worst since the pandemic including the urgent need to upgrade existing
broke out two years ago. infrastructure and implement safety measures
to accommodate various types of EV charging
As there are only 20 manufacturing sites in the at home. But these new trends will open up new
world that can produce automotive-grade electrical opportunities, as it introduces the possibilities of
steel, with none based in North America, plans vehicle-to-grid (V2G), in which power flows back
to roll out new-energy alternatives in a world that from EVs to power up homes.
are increasingly looking towards net-zero carbon
initiatives to combat climate change, will largely be
impacted in a significant way.