- Finance Minister Purbaya proposed VAT incentives of 40-100% for pure electric vehicles, excluding hybrids.
- Incentive amounts will depend on battery type, with higher subsidies for nickel-based batteries to boost Indonesia’s nickel industry.
- The government plans to support 100,000 electric cars and 100,000 electric motorcycles in 2026, with an estimated Rp 5 million subsidy for electric motorcycles.
- The initiative aims to promote industrial growth, reduce fuel consumption, and lessen energy subsidy burdens due to rising global oil prices.
Source: inp.polri.go.id
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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