Electric Two-Wheeler Vehicle Subsidy Program Extend Till 2026
Gogoro has announced its support for the Taiwan government’s decision to extend its electric two-wheel vehicle subsidy program for four additional years.
“With the Taiwan government’s continued commitment to the transformation of two-wheel transportation to electric, Gogoro is committed to increasing its investment in new EV and battery swapping technologies and expanding its retail and battery swapping network coverage to provide a path to net zero emissions in Taiwan,” said Horace Luke, founder, and CEO of Gogoro.
“With more locations in Taiwan cities than gas stations, and adoption from leading vehicle partners like Yamaha, Suzuki Taiwan, A-Motor and others, Gogoro’s open battery swapping ecosystem has demonstrated its interoperability and ease of use for riders providing a clear path for the transformation from gas to electric in Taiwan.”
The subsidy extension was announced by the Minister of Economic Affairs, Mei Hua Wang, and follows the announcement on December 9th that the government had approved a new phase of its “Electric Scooter Industry Environmental Value-Added Subsidy Program”, which will invest $191.5 million in funds from 2023 to 2026 to promote three major projects:
- Continuation of subsidies for the purchase of electric scooters
- Installation of battery charging and swapping facilities
- Transformation of traditional scooter shops
