Indonesia focuses on building electric vehicle ecosystem

March 16, 2023 | 14:43
(0) user say
Indonesia's Ministry of Industry is striving to accelerate the growth of the battery-based electric motorised vehicle (KBLBB) ecosystem to reduce fuel consumption, according to the ministry's Secretary General Dody Widodo.
Indonesia focuses on building electric vehicle ecosystem | World | Vietnam+ (VietnamPlus)
An electric vehicle model by PT Hyundai Motor Manufacturing Indonesia (Photo: courtesy of the company/ VNA)

Jakarta - Indonesia's Ministry of Industry is striving to accelerate the growth of the battery-based electric motorised vehicle (KBLBB) ecosystem to reduce fuel consumption, according to the ministry's Secretary General Dody Widodo.

Speaking at a seminar on March 14, Dody Widodo said that Indonesia has set a target of producing 1 million electric cars by 2035 to help reduce oil consumption by 12.5 million barrels.

By the year, the ministry also expects the production of electric motorcycles to reach 12 million, which could help reduce oil consumption by 18.86 million barrels.

According to him, currently there are five electric bus companies with a production capacity of 2,480 units per year.

Meanwhile, three electric car companies have a production capacity of 29,000 units per year, and 45 two- and three-wheeled electric motorcycle companies with a production capacity of 1.04 million units per year, he said.

Indonesia offers tax incentives to attract investors to new capital Indonesia offers tax incentives to attract investors to new capital

Indonesia has unveiled a host of tax breaks to attract companies and people to move to its new capital Nusantara in the heart of Borneo.

Indonesia offers incentives for investors in new capital Indonesia offers incentives for investors in new capital

Indonesia’s President Joko Widodo has approved a new regulation that offers incentives to businesses investing in its new capital Nusantara, including tax holidays of up to 30 years and 95-year land use permits.

Indonesia and Vietnam strengthen ties to advance ASEAN influence Indonesia and Vietnam strengthen ties to advance ASEAN influence

Under the leadership of Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce and Industry (KADIN) and ASEAN Business Advisory Council (ASEAN-BAC), the two bodies conducted a visit to Vietnam from March 12-14 with a view to promoting regional economic integration and cooperation.

By VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional