Deloitte and Foundry Research: Electric Motorcycle Use in Indonesia Increases 13-Fold in Two Years

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Cindy Mutia Annur 15/09/2023 15:56 WIB

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According to research by Deloitte and Foundry, the use of electric vehicles in Indonesia has increased significantly in the last two years, such as the use of electric motorcycles which increased thir

Number of Electric Vehicles in Indonesia (2020-2022)

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Deloitte and Foundry Research: Electric Motorcycle Use in Indonesia Increases 13-Fold in Two Years

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Number of Electric Vehicles in Indonesia (2020-2022)

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The use of electric vehicles (EVs), especially electric motorcycles, in Indonesia has increased significantly in the last two years.

According to research by Deloitte and Foundry, the number of electric motorcycles in Indonesia increased 13-fold between 2020 and 2022.

The research shows that in 2020, only 1,947 electric motorcycles were in use. This number significantly increased to 25,782 units in 2022.

Foundry Research Director Erwin Arifin stated that the increase in the use of electric motorcycles is supported by the massive sales of two-wheeled electric vehicles equipped with battery swapping facilities.

He said that sales of electric motorcycles with swap battery technology accounted for 55% of the domestic electric motorcycle market share in 2022.

"Sales of electric motorcycles with swap battery technology (had a market share of) 0% in 2020, then suddenly became 55% in 2022," said Erwin, as reported by Katadata on Tuesday (12/9/2023).

Erwin continued, the growth in the use of electric motorcycles is due to the proliferation of Public Electric Vehicle Battery Swapping Stations (SPBKLU) throughout the country. Foundry recorded more than 1,700 SPBKLU units up to Q2-2023.

Similarly, the use of electric cars also increased more than 33 times in the last two years. The number of electric cars in Indonesia increased from 229 units in 2020 to 7,679 units in 2022.

The government targets a continued increase in the number of electric vehicle users in Indonesia by 2030. The details are a target of 13.5 million electric motorcycles and 2.2 million electric cars.

Deloitte and Foundry also estimate that the Indonesian electric motorcycle market could reach US$19.2 billion or approximately Rp294.81 trillion in 2030 (exchange rate Rp15,355/US$). This estimate is based on the assumption of an electric motorcycle price of US$1,300 per unit.

Although this industry has considerable potential, several obstacles remain that make Indonesian people hesitant to switch to electric motorcycles. These obstacles include difficulty finding charging stations, the still high price of electric motorcycles, and the limited range.

Editor : Padjar Iswara

"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."