Millions of Electric Vehicles Set To Hit The Roads
One of the world's biggest car expos, the Japan Mobility Show, has been showcasing new electric vehicles from international automakers. 14 million of these vehicles are expected to hit the roads in 2023.
Transcript
00:00 small cars, fancy cars, big trucks.
00:03 All of these have something in common.
00:06 They are electric vehicles, or EVs,
00:08 cars that are considered eco-friendlier and more sustainable.
00:12 This is the Japan Mobility Show returning after a four-year break.
00:16 During this period, the industry was hit hard by the COVID-19 pandemic,
00:20 ending a decade of continuous growth for the industry.
00:24 But the drop did not stop this year's event,
00:26 with hundreds of companies attending, with EVs among the straw attractions.
00:31 And that's no surprise.
00:33 Many countries have vowed to face up the sale of new gas motorcars
00:36 in the coming years as they try to reduce carbon emissions.
00:40 With governments giving incentives to boost sales,
00:42 and carmakers pumping out new models,
00:45 sales in EVs have grown by 40% in the past half year.
00:49 14 million EVs are expected to be sold this year.
00:52 And the largest market is in China,
00:55 with nearly 60% of all registrations.
00:58 Among the companies displaying in Tokyo is BYD,
01:01 one of China's biggest EV makers.
01:04 It's got a really big meaning for BYD,
01:06 because this is the Japan Mobility Show,
01:08 and also the Chinese company being on the Japanese motor show
01:13 has got a really big meaning,
01:14 because we are the only Chinese auto company in Japan.
01:19 We're really focused on the Japanese market
01:21 by showing all of these kind of high technology cars in Japan.
01:26 Driven by EVs,
01:27 China is set to become the world's largest exporter of cars this year,
01:30 overtaking Japan.
01:32 But not everyone is welcoming China's rise in the auto industry.
01:36 Japanese carmakers, the US carmakers,
01:39 they are the primary competitors.
01:42 So they should be the ones that are most worried,
01:46 also some European automobile industry.
01:50 I believe all the countries have set up their own protective acts
01:55 or some regulations to reduce the amount of the cars imported from China.
02:04 While some governments are wary of Chinese dominance in the EVs,
02:08 there's plenty of competition from other manufacturers.
02:11 Among them is Taiwan's MIH Consorption,
02:14 an alliance of companies including iPhone manufacturer Foxconn.
02:18 They see an opportunity to break up the monopoly of traditional carmakers.
02:22 So we're providing a platform for people to hop on,
02:25 the new players, new things, software-driven,
02:29 give the traditional guy a pressure to expedite their revolution.
02:34 So by 2030, I think half of the adoption for the EV will then prevail.
02:41 Then also adoption of a smart vehicle for a better lifestyle
02:47 will prevail.
02:49 So this is going to happen quickly, as you can imagine.
02:52 So autonomous drive, the AI-enhanced software.
02:56 With millions more EVs set to hit the roads in the coming years,
03:00 the world envisioned by companies like MIH may arrive sooner than later.
03:04 What is less clear is who will benefit most from the revolution
03:08 and if China will continue to lead the way.
03:11 Kamishi Yuen, Sainichi, for Taiwan Plus.
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