Taiwan Electric Truck Market

Taiwan Electric Truck Market Overview:

The Taiwan electric truck market size reached USD 3.41 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 35.44 Million by 2033, exhibiting a growth rate (CAGR) of 26.38% during 2025-2033. The market is driven by comprehensive government policy implementation and net-zero commitments, accelerated infrastructure development and charging network expansion, and increasing commercial fleet electrification and corporate adoption. These factors are collectively expanding the Taiwan electric truck market share.

Taiwan Electric Truck Market Trends:

Government Incentives and Regulatory Alignment

Taiwan’s government has created a structured pathway for electrifying commercial transport through financial support and emissions regulations. Purchase subsidies reduce the upfront price gap between diesel and electric trucks, and tax relief helps companies absorb the higher initial investment. Notably, the Taiwan government extended subsidies to replace old vehicles with new electric vehicles until 2026, offering NT$30,000 for large diesel commercial vehicles with electric models. Moreover, authorities have also set stricter inspection requirements for older diesel models, effectively raising compliance costs and encouraging fleet operators to switch earlier than planned. Furthermore, local governments are closely involved, especially in sectors such as waste collection, where electric garbage trucks are gradually replacing conventional vehicles. Besides this, the structure of these programs favors medium-duty trucks that operate on predictable urban routes, where charging and maintenance can be centrally managed. This dual approach of incentive and regulation accelerates adoption, while also creating clearer long-term signals for both fleet managers and manufacturers. By linking climate goals with public procurement, Taiwan has made electric trucks a centerpiece of its broader emissions reduction strategy.

Emergence of Local Manufacturing Capacity

Taiwan’s technology and manufacturing base is beginning to shape the commercial EV landscape in distinctive ways. Electronics companies with long experience in batteries, semiconductors, and contract assembly are expanding into vehicle production, bringing scale and integration advantages. This is visible in the launch of purpose-built electric vans and medium-duty trucks designed for city logistics, which combine locally made battery packs with control software tailored to commercial use. Furthermore, the strategy goes beyond simply supplying the domestic market: manufacturers are forming partnerships to co-develop vehicles for export, increasing the scale of production and strengthening Taiwan’s supply chain resilience This momentum allows fleet owners to source vehicles locally with shorter lead times and tailored configurations It also creates spillover benefits for component suppliers, who gain entry into global EV value chains Over time, the rise of domestic producers is expected to anchor a stronger commercial EV ecosystem, from assembly plants to after-sales services. This trend is expected to propel the Taiwan electric truck market growth.

Fleet adoption in logistics and industry

Commercial uptake in Taiwan is concentrated in sectors where vehicle duty cycles align well with current battery capabilities. Logistics companies are deploying electric delivery trucks on fixed urban routes, where range requirements are predictable and depot charging infrastructure can be efficiently managed. Recently, in April 2024, IKEA Taiwan welcomed the first 26-tonne electric truck in its fleet, which will reduce carbon emissions by 18% compared to a 10.5-tonne diesel truck, equivalent to 5.38 tonnes of carbon dioxide reduction annually. These deployments allow firms to reduce fuel costs and meet customer expectations for greener operations, while also generating operational data that informs larger-scale rollouts. In parallel, industrial operators are experimenting with heavy-duty electric tractors for short-haul movements of raw materials and finished goods. Cement transport and port logistics are early testing grounds, as these involve high payloads but also relatively defined routes. These trials are essential for evaluating maintenance schedules, driver training, and charging strategies at industrial sites. The gradual shift in both logistics and heavy industry demonstrates that adoption is not confined to urban parcels but is expanding into sectors where reliability and cost predictability are central to fleet decisions.

Taiwan Electric Truck Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on vehicle type, propulsion, range, and application.

Vehicle Type Insights:

• Light-duty Truck
• Medium-duty Truck
• Heavy-duty Truck

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes light-duty truck, medium-duty truck, and heavy-duty truck.

Propulsion Insights:

• Battery Electric Truck
• Hybrid Electric Truck
• Plug-in Hybrid Electric Truck
• Fuel Cell Electric Truck

A detailed breakup and analysis of the market based on the propulsion have also been provided in the report. This includes battery electric truck, hybrid electric truck, plug-in hybrid electric truck, and fuel cell electric truck.

Range Insights:

• 0-150 Miles
• 151-300 Miles
• Above 300 Miles

The report has provided a detailed breakup and analysis of the market based on the range. This includes 0-150 miles, 151-300 miles, and above 300 miles.

Application Insights:

• Logistics
• Municipal
• Construction
• Mining
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes logistics, municipal, construction, mining, and others.

Regional Insights:

• Northern Taiwan
• Central Taiwan
• Southern Taiwan
• Eastern Taiwan

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Taiwan, Central Taiwan, Southern Taiwan, and Eastern Taiwan. 

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Taiwan Electric Truck Market News:

• In July 2025, FedEx announced the deployment of electric delivery trucks in Taiwan through a partnership with FUSO, making it the first international logistics company in the region to use fully electric vehicles for ground deliveries. The initial rollout includes 12 vehicles, with six already operational, each offering a range of approximately 200 km, regenerative braking, and strong torque to lower energy costs and emissions.
• In June 2025, Taiwan’s China Motor Corporation (CMC) has introduced its first electric truck, the ET35, a mid-size commercial vehicle with mass production scheduled for Q3. It has a range of up to 360 km, includes a fast-charging controller compatible with the CCS1 standard, and is equipped with a domestically developed Level 2 Advanced Driver Assistance System.

Taiwan Electric Truck Market Report Coverage:

Key Questions Answered in This Report:

• How has the Taiwan electric truck market performed so far and how will it perform in the coming years?
• What is the breakup of the Taiwan electric truck market on the basis of vehicle type?
• What is the breakup of the Taiwan electric truck market on the basis of propulsion?
• What is the breakup of the Taiwan electric truck market on the basis of range?
• What is the breakup of the Taiwan electric truck market on the basis of application?
• What is the breakup of the Taiwan electric truck market on the basis of region?
• What are the various stages in the value chain of the Taiwan electric truck market? 
• What are the key driving factors and challenges in the Taiwan electric truck market?
• What is the structure of the Taiwan electric truck market and who are the key players?
• What is the degree of competition in the Taiwan electric truck market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Taiwan electric truck market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Taiwan electric truck market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Taiwan electric truck industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.