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Indonesia's Electric Vehicle Revolution

Updated: Nov 2, 2024


Indonesia is making significant strides in the electric vehicle (EV) sector, driven by the global need to reduce carbon emissions. The country's abundant natural resources and large market potential position it as both a consumer and a key player in the global EV market. The government’s efforts, including Presidential Regulation No. 55 of 2019, have led to increased EV adoption, with a 177.32% rise in sales from January to August 2024. Incentives such as tax breaks and import duty exemptions have made EVs more affordable, boosting consumer interest. Additionally, Indonesia aims to become a leading EV producer in Southeast Asia, leveraging its nickel reserves for battery production. However, challenges remain, including limited charging infrastructure and the need to increase public awareness about the environmental benefits of EVs. The government continues to support EV development through policies and investments in local production, aiming to position Indonesia as a global competitor in the green future of transportation.


Source: Firman Hidranto (2024). ‘Indonesia's Electric Vehicle Revolution’, Indonesia.go.id, 30 September Available at:

 
 

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