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Sep 06, 2022 03:50 PM
WORLD

Indonesia Paves Way to Becoming a Global EV Hub, but Challenges Persist

Photo: VCG
Photo: VCG

(Deal Street Asia) — Indonesia is intent on taking advantage of its large reserves of nickel to become a global hub for electric-vehicle (EV) manufacturing and exports.

In 2019, the government introduced a series of incentives for EV manufacturers and transport companies to lure investors. This includes reduced import duties on unassembled and semi-assembled vehicles and import tariff deductions for machinery and materials used in EV production.

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