The Business Times
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Indonesia’s EV push faces bumpy road as consumers hesitate despite subsidies

Elisa Valenta

Elisa Valenta

Published Sat, Oct 7, 2023 · 05:00 AM
    • Motorcyclists travel on a street in Bali. Indonesia has a scheme to offer a 7 million rupiah discount to buyers of electric motorcycles.
    • Motorcyclists travel on a street in Bali. Indonesia has a scheme to offer a 7 million rupiah discount to buyers of electric motorcycles. PHOTO: BLOOMBERG

    Jakarta

    MORE than six months after the Indonesian government introduced financial subsidies for those looking to buy electric motorcycles, the take-up rate has been far from stellar.

    According to latest figures from the Ministry of Industry, only 836 people have received the subsidy – a drop in the ocean, given that this year’s quota is for as many as 200,000 electric two-wheelers.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Asean BusinessAseanIndonesiaElectric vehicles

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More