|
|
Reported on April 3, 2024, the Indonesian Coordinating Ministry of Maritime and Investment Affairs revealed that the value-add tax (VAT) on battery-based electric vehicle sales has been reduced from 11% to 1%, effective in April until the end of 2024.
Stated in the Finance Ministerial Regulation No. 8/2024, this is s
Reported on March 1, 2024, the Indonesian Ministry of Industry (Kemenperin) revealed that total investment in the electric mobility assembly industry in Indonesia has already reached IDR 4.49 trillion.
Currently, there are 4 electric bus companies in Indonesia with a production capacity of 1,980 units per year. The
Announced on December 29, 2023, the Indonesian Coordinating Minister for Maritime and Investment Affairs congratulated PT Aneka Tambang Tbk (ANTAM), HongKong CBL Limited (ANTAM), and Indonesia Battery Corporation (IBC) on their collaborative investment in the supply chain of the lithium battery ecosystem in Indonesia
Reported on December 16, 2023, the recently announced (Indonesian) Presidential Decree Number 79 of 2023 also stated that the timeline for achieving the minimum domestic component level (TKDN) of 40% for 4-wheeled electric cars has been extended to 2026.
According to the automotive expert from the Bandung Institute
Reported on December 15, 2023, the Indonesian Deputy Coordinating Minister of Maritime Affairs and Investments in Infrastructure and Transportation revealed that for the companies that want to set up EV manufacturing plants in Indonesia, the government has decided to eliminate sales tax on luxury goods (PPnBM) and im
Reported on December 12, 2023, Indonesia Battery Corporation (IBC) is reportedly discussing and investment projects worth around USD 600 million – USD 800 million with South Korea-based LG Energy Solution (LGES), regarding a plan to set up EV battery cathode plant in Batang, Central Java, Indonesia. This will be part
On November 27, 2023, PT Chery Sales Indonesia (CSI) signed a letter of Intent (LoI) with the Indonesian Directorate General of Metal, Machinery, Transportation Equipment and Electronics Industry (Directorate General of ILMATE), Ministry of Industry (Kemenperin). Both sides will jointly implement a commitment to supp
Announced on November 24, 2023, Australia and Indonesia have signed a Memorandum of Understanding (MoU) to launch an EV collaboration mechanism, as both sides agreed to advance mutually beneficial cooperation on battery manufacturing, critical minerals processing and other aspects of the EV ecosystem.
The two countr
Reported on November 21, 2023, the Bandung Institute of Technology (ITB) pointed out that the Indonesian government has yet to announce a solid strategic tactical policy in terms of human resource readiness for operators in various sub-ecosystems of the EV industry, from upstream to downstream.
The ITB also suggested
Reported on November 10, 2023, the Indonesian Deputy for Infrastructure and Transportation Coordination of the Coordinating Ministry for Maritime Affairs revealed that the Indonesian government expects to continue providing incentives for electric mobilities in 2024, especially for purchasing electric motorbikes.
The
On August 29, 2023, the Indonesian government announced that every national identity card (KTP) holder is now eligible to purchase one electric 2-wheeler at a government-subsidized price. The previous regulation only applies to the low-income Indonesians.
The Indonesian Electric Motorcycle Association (Aismoli) has e
Reported on August 10, 2023, the Indonesian government has announced the relaxation of the local content requirement for carmakers, giving them 2 more years to be qualified for EV incentives. The relaxed rules now require carmakers to make at least 40% of the content of EVs in Indonesia by 2026. This is expected to e