Eligible for Subsidies: Electric Vehicles Produced in Indonesia

Economics & Macro

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Adi Ahdiat 15/12/2022 11:30 WIB

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According to Gaikindo data, as of November 2022, only two electric vehicle manufacturers were producing in Indonesia: Hyundai and Wuling. Here's a breakdown of their variants.

Electric Vehicle Brands Produced in Indonesia and Their Wholesale Sales Volume (January-November 2022)

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Eligible for Subsidies: Electric Vehicles Produced in Indonesia

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Electric Vehicle Brands Produced in Indonesia and Their Wholesale Sales Volume (January-November 2022)

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The Indonesian government plans to provide a subsidy of Rp80 million (approximately USD 5,200) per unit for electric cars. However, this subsidy will only be given to electric cars produced domestically.

"The incentive will be given to purchases of electric cars or motorcycles that have factories in Indonesia," said Minister of Industry Agus Gumiwang Kartasasmita in a press statement released on the official YouTube account of the Indonesian Presidential Secretariat on Wednesday (14/12/2022).

Minister Agus believes this policy can encourage global electric vehicle manufacturers to invest.

According to data from the Indonesian Automotive Industry Association (Gaikindo), as of November 2022, only two electric car manufacturers have production facilities in Indonesia: Hyundai and Wuling.

The following details the variants of electric cars produced domestically, along with their wholesale sales volume in the domestic market from January to November 2022:

1. Hyundai:

* Hyundai Ioniq 5 Signature Extended: 1,475 units
* Hyundai Ioniq 5 Signature Regular: 197 units
* Hyundai Ioniq 5 Prime Extended: 78 units
* Hyundai Ioniq 5 Prime Regular: 36 units
* Hyundai Ioniq 5: 0 units

2. Wuling

* Wuling Air EV Long Range: 4,799 units
* Wuling Air EV Standard Range: 1,122 units

During the January-November 2022 period, the Wuling Air EV Long Range was the best-selling electric car in the domestic market in terms of wholesale volume.

Second place was the Hyundai Ioniq 5 Signature Extended, as shown in the graph.

In addition to electric cars, the government also plans to provide subsidies for hybrid car buyers (Rp40 million or approximately USD 2,600), electric motorcycles (Rp8 million or approximately USD 520), and converted electric motorcycles (Rp5 million or approximately USD 325). However, this plan is still under development and not yet final.

"We are learning from various countries that are relatively more advanced in the use of electric vehicles, both cars and motorcycles, such as European countries, because their governments provide incentives," said Minister Agus.

"If we look at China, they also provide incentives, and a country that is actually our competitor, Thailand, also provides incentives," he continued.

"Each country has a different policy, but the point is to provide incentives, and in this context, Indonesia wants to encourage the use of electric cars and motorcycles to accelerate," he added.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Eligible for Subsidies: Electric Vehicles Produced in Indonesia

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