EV Market Surges, Indonesia Aims to Become a Global Battery Giant
- STIC CEGIR
- Jul 25
- 1 min read
The Electric Vehicle Sales Review Q1 – 2025 report by PwC (PricewaterhouseCoopers) highlights a significant growth in Indonesia's electric vehicle (EV) market, with sales increasing by 43.4% year-on-year in the first quarter of 2025, reaching 27,616 units. This surge was driven by strong growth in BEV (Battery Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle) sales, supported by government incentives such as tax exemptions and infrastructure development. Leveraging its position as the world’s largest nickel reserve holder, Indonesia aims to build an integrated EV supply chain, targeting production of 600,000 EV units by 2030 and becoming the world’s third-largest battery producer. Despite challenges in the overall automotive market due to tax hikes and economic uncertainty, the EV segment continues to show strong potential. The government also targets Indonesia to become one of the top five global EV battery producers by 2040 and a key player in stainless steel production, as part of its downstreaming and industrial strengthening strategy.
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