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Indonesia to extend incentives for EVs next year

The Indonesian Government is planning to extend fiscal incentives for electric vehicles (EVs), especially electric motorcycles, to the next year with support levels equivalent to this year, said Deputy Coordinating Minister of Maritime Affairs and Investment Rachmat Kaimuddin.
Indonesia to extend incentives for EVs next year ảnh 1At an EV assembling line in Jakarta. (Photo: Reuters)

Jakarta (VNA) 𝓰– The Indonesian Government is planning to extend fiscal incentives forelectric vehicles (EVs), especially electric motorcycles, to the next yearwith support levels equivalent to this year, said Deputy Coordinating Ministerof Maritime Affairs and Investment Rachmat Kaimuddin.

Talking with the press recently, Rachmat said the incentive levelfor electric motorcycles in 2024 will be similar to this year, which is atleast 7 million IDR (446 USD). In early March 2023, the Indonesian Governmentannounced that it will support the purchase of 200,000 electric motorcycles andthe conversion of 50,000 motorcycles in 2023, with a total budget of around 5trillion IDR. The programme applies only to domesticallyproduced motorcycles with a localisation rate of 40% or more, benefiting micro,small, and medium-sized enterprises, as well as households with monthlyelectricity consumption ranging from 450-900 VA. Indonesia has also provided other forms ofsupport for EVs, such as reducing the value-added tax (VAT) from 11% to 10% forelectric cars; lowering the battery-based motor vehicle tax from 1-10% to 0%;and exempting the duty on the transfer of motor vehicle ownership for EVs./.
VNA

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