Foxconn recently announced that it has delivered its first batch of 15 homegrown electric buses, dubbed Model T, to the Government of Tainan City located in Southern Taiwan through its subsidiary Foxtron Vehicle Technologies, the United Daily News reported on October 14. Foxtron has been able to mass produce electric vehicles with 65% of components from the MIH alliance platform. The buses have met the standards of the U.S. transportation Security Administration and has passed a 200,000 km endurance test by Taiwan's ARTC (Automotive Research & Testing Center). On top of that, the buses feature a battery range of over 240kms, a large-area LCD display, and ADAS (Advanced Driver Assistance Systems), which can provide front vehicle distance detection, blind-spot detection, and lane departure warning services. Initially, 15 Model T buses will serve three urban routs by the end of 2022. In addition to Tainan City, Foxconn already delivered the same model to the Kaohsiung City Government this March. It is anticipated that global EV market volume will reach 9.22 million units in 2022, accounting for 11% of the total vehicles, according to MIC (Market Intelligence & Consulting Institute), a government-backed IT research institute in Taiwan. The EV market volume is estimated to reach 25.9 million units by 2025, accounting for 28% of the total. Overall, the outlook for the EVs is promising as EU has granted the Fit for 55 package which targets to reduce net greenhouse gas emissions by at least 55% by 2030 while the Biden administration has set the global for half of all new passenger vehicle sales in the United States to be EVs by 2030.