Hybrid Car Sales Soar in Q1 2023 Despite Lack of Incentives

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Adi Ahdiat 18/04/2023 14:30 WIB

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According to Gaikindo data, wholesale sales of hybrid vehicles in Indonesia reached 6,418 units in Q1 2023, an increase of approximately 890% compared to the first quarter of last year.

Monthly Wholesale Sales Volume of Hybrid Cars in Indonesia (January 2022-March 2023)

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Monthly Wholesale Sales Volume of Hybrid Cars in Indonesia (January 2022-March 2023)

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Sales of hybrid electric vehicles (HEVs) or hybrid cars in Indonesia surged in the first quarter of this year.

According to data from the Indonesian Automotive Industry Association (Gaikindo), wholesale sales of hybrid cars in the domestic market reached 6,418 units during the January-March 2023 period.

This figure represents an approximate 890% increase compared to January-March 2022, when wholesale sales totaled only 646 units.

The best-selling hybrid car model in Q1 2023 was the All New Kijang Innova Zenix Q, with 1,705 wholesale units sold.

Following closely were the Suzuki All New Ertiga GX Hybrid (878 units) and the Toyota All New Kijang Innova Zenix V (761 units).

Hybrid car sales in Indonesia experienced significant growth in the first quarter of this year, despite the lack of government incentives.

Previously, at the end of 2022, the government had planned to offer price discounts to encourage the purchase of hybrid cars. However, this plan was not implemented.

Currently, the government only provides incentives in the form of a 10% Value Added Tax (VAT) discount, specifically for battery electric vehicles (BEVs) with a minimum Domestic Component Level (TKDN) of 40%.

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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