Electric Vehicle Sales Slow Down in Early 2023

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Adi Ahdiat 07/03/2023 13:20 WIB

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Wholesale sales volume of battery electric vehicles (BEVs) in the domestic market reached 298 units in January 2023, a slowdown compared to December 2022.

Wholesale Sales Volume of Battery Electric Vehicles (BEVs) in Indonesia (January 2022-January 2023)

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Electric Vehicle Sales Slow Down in Early 2023

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Wholesale Sales Volume of Battery Electric Vehicles (BEVs) in Indonesia (January 2022-January 2023)

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According to data from the Indonesian Automotive Industry Association (Gaikindo), wholesale sales of battery electric vehicles (BEVs) in the domestic market reached 298 units in January 2023.

This figure is down approximately 87% month-on-month (mom) compared to December 2022, when sales reached a record high of 2,404 units.

Nevertheless, January 2023's achievement is still approximately 727% higher year-on-year (yoy) compared to January 2022, indicating a generally very positive trend.

The best-selling electric vehicles at the beginning of this year were the Hyundai Ioniq 5 Signature Extended, followed by the Hyundai Ioniq 5 Prime Extended and the Wuling Air EV Long Range.

Here's a breakdown of wholesale sales volume of BEV electric cars in Indonesia in January 2023:

* Hyundai Ioniq 5 Signature Extended: 194 units
* Hyundai Ioniq 5 Prime Extended: 36 units
* Wuling Air EV Long Range: 35 units
* Lexus UX 300e: 18 units
* Toyota BZ4X: 7 units
* Nissan Leaf: 4 units
* Hyundai Ioniq 5 Prime Reguler: 3 units
* Hyundai Ioniq 5 Signature Reguler: 1 unit

Electric vehicle sales have the potential to strengthen further in the coming months. The government has issued regulations regarding incentives for the purchase of battery-based electric vehicles (KBLBB).

"This incentive is intended to accelerate the KBLBB industry in Indonesia. This acceleration is aimed at promoting energy efficiency and resilience, as well as achieving clean and environmentally friendly air quality," said Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan in a press conference in Jakarta on Monday, March 6, 2023.

However, the incentive for purchasing electric vehicles is not a cash subsidy, but rather a tax adjustment. The incentive will be given for 35,900 electric vehicles and will be effective starting March 20, 2023.

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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Electric Vehicle Sales Slow Down in Early 2023

Electric Vehicle Sales Slow Down in Early 2023

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