Proposed in the late 1980s, cumulative absolute velocity (CAV) is a new intensity measure for earthquake ground motion characterizations, followed by studies and applications such as CAV ground motion prediction equations (GMPEs). In this study, two new CAV GMPEs were developed with 24,667 strong-motion records from Taiwan, and the first CAV seismic hazard assessment for Taipei (the most important city in Taiwan) was then conducted using the local CAV models. It shows that the annual rate for the study area to encounter a ground motion with CAV >0.97 g-sec is 0.002 per year, corresponding to a 10% occurrence probability in 50 years. By contrast, the deterministic scenario-based analysis shows that the CAV seismic hazard is about 0.60 g-sec for the study area. Future studies are worth conducting to develop more sophisticated, local CAV GPMEs and to explore more applications of such CAV prediction models, such as the developments of PGA-CAV joint probability distributions for conducting PGA-CAV joint seismic hazard assessments.