Indonesia's Electric Car Frenzy

By Editorial Team 09/11/2021

Executive Summary

  • The government issued a Presidential Regulation as a legal basis of electric-powered vehicle development. The regulation includes plans to provide fiscal and non-fiscal incentives for electric vehicle developers, with several detailed requirements.
  • Several companies from domestic, China, as well as South Korea, had expressed their interest to participate in developing electric cars in Indonesia. Some had even started manufacturing plant construction.
  • The government appoints PT PLN to prepare a Public Electricity Provider Station (SPLU). The State-Owned electricity company is allowed to cooperate with other companies in realizing the mandate.

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