ELECTRIC MATCHMAKER:Chairman James Huang said that India’s plans to broaden the supply chains for electric vehicles is an opportunity for Taiwanese companies
Date: Jul 01, 2017
By: Lauly Li / Staff reporter
The Taiwan External Trade Development Council (TAITRA, 外貿協會) said it plans to play matchmaker
between local electric vehicle (EV) component suppliers and India’s leading EV companies in response to the Indian government’s goal of selling only electric vehicles from 2030.
“The next two years is a golden opportunity for Taiwanese firms to tap into India’s EV market, as that nation is at the early stages of developing the industry,” TAITRA chairman James Huang (黃志芳) told a media briefing in Taipei.
“It will be too late for us to join if we miss the first two years,” Huang said after returning from a six-day visit to India last week.
The Indian government in April initiated its “national electric mobility mission plan,” which targets annual sales of between 6 million and 7 million electric or hybrid vehicles by 2020 from 400,000 currently. [FULL STORY]