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Indonesian govt. boosts EV incentives to promote local content and R&D
Reported on May 6, 2025, Indonesia’s Minister of Investment and Head of the Investment Coordinating Board (BKPM) has announced enhanced incentives for EV manufacturers based on their level of local content (TKDN). The higher the TKDN, the greater the incentives provided.
Currently, 7 EV manufacturers—VinFast, Volkswa....
Currently, 7 EV manufacturers—VinFast, Volkswa....
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