"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

Market Overview: In October, the overall market was affected by two typhoons, which reduced the number of working days available for new car sales and registrations. The total market volume reached 33,231 units, marking a 9% decline from September and an 18% drop compared to October last year. Among the major brands, half saw growth while the other half declined, with Ford achieving the highest growth at 28.3%, mainly due to the release and delivery start of the facelifted Kuga. As of the end of October, the cumulative annual registration count reached 377,347 units, reflecting a 3.3% decline from last year. With five-sixths of the year now complete, most brands have delivered their backlog of orders and are now looking forward to new orders for 2025. Both domestic and imported brands are updating the model year equipment of key models, leading consumers to either wait for new models or anticipate discounts on older models. For the full-year registration numbers, our initial prediction that this year’s total market could remain close to last year’s is now uncertain due to the effects of typhoons, shipping delays, and other factors, which may result in a year-over-year decline.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

"Weekly car news " is a recap of some of the major stories in Taiwan car market last week.

Five years ago, discussing how the EV market would surpass ICE cars before 2030 may be regarded as wildly unrealistic. However, until now, these speculations have evolved from fiction to reality. Aside from environmental issues, the traditional car industry and analysts underestimated humankind’s desire for technology and imagination for innovation. Intelligent EVs have not only redefined auto products as a whole but also reinvented the concept of mobility.

3.5% of last year’s Taiwanese car market’s registration number were EVs, roughly sitting at 15k units and a global EV sales ratio of 0.14%, vastly lower than the new car market’s 0.55%. From another perspective, this means Taiwanese EV promotions still have a lot to improve. Most potential new car buyers’ considerations and obstacles to switching from ICE to EV will gradually be obsolete in three years. In addition, the global car market trend is reaching new heights from last year’s astounding 10-million EV achievement.

The R&D of autonomous driving technology has been at rock bottom worldwide in the past few years; except for the U.S. and China, all crucial auto countries such as Germany, Japan and Korea have been left behind in the race. The source of autonomous driving technology is big data, and it plays a significant part in how the two great powers, the U.S. and China, have managed to generate and maintain momentum for R&D. A wave of elimination will be inevitable in the next three years, but automakers that pull through and create a small-scale profit model will likely see a bumper crop in 2030!

During 2020 and 2021, traditional automakers worldwide dished out their five, ten, and fifteen-year strategies for vehicle electrification with roughly identical crucial timings: 2025, 2030, and 2035. The first five years to develop brand-new EV platforms, the second five to expand EV sales to designated ratios, and the third to phase out ICE production and go fully electric. Of all these plans, VAG’s iconic strategy stood out for its elaboration, thoroughness, and ability to utilize and integrate multi-brands resources. However, after more than a year, VAG’s development fell behind schedule. With Chinese self-owned brands starting to overtake the group, VAG has to take immediate action.

The cities that began actively conducting the pilot runs of Robotaxis or autonomous driving technologies around the world are San Francisco, Phoenix, and China’s Beijing, Shanghai, Chongqing, Shenzhen, etc., Even though other major countries, such as Germany, UK, Japan, etc., also actively enact related regulations to conduct the pilot runs of L3 vehicles, but they are still far away from the ultimate technology application of Robotaxis on urban roads. It’s still obviously a duel between the two greats – China and USA in autonomous driving technology currently, and the aggressive planning of the Shanghai City government might be the demonstration city of the intellectualization of global urban transportation after a few years.