Despite a Decline, Electric Vehicle Sales Remain Relatively High in June 2023

Transportation & Logistics

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Adi Ahdiat 18/07/2023 17:30 WIB

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In June 2023, wholesale sales volume of battery electric vehicles (BEVs) in the domestic market decreased by 22.6% month-on-month, but the figure remains significantly higher than a year ago.

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

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Despite a Decline, Electric Vehicle Sales Remain Relatively High in June 2023

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

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According to data from the Indonesian Automotive Industry Association (Gaikindo), in June 2023, wholesale sales of battery electric vehicles (BEVs) in the domestic market reached 1,196 units.

This figure is down 23% compared to May 2023 (month-on-month/mom), but still 806% higher than June last year (year-on-year/yoy).

Previously, starting April 1, 2023, the government implemented an incentive policy for electric vehicle consumers.

The incentive is a 10% reduction in Value Added Tax (VAT), so electric vehicle buyers are only charged a remaining VAT of 1%.

However, according to the Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for Industry, Bobby Gofar Umar, the implementation of the VAT cut policy still requires procedural adjustments.

Bobby stated that in the current process, dealers still bear the 10% VAT on electric vehicle purchases, and then the dealers will receive a refund or reimbursement of the excess tax payment from the government.

He suggested that the procedure be simplified to avoid bottlenecks in tax disbursement.

"This (the dealer initially bearing the 10% VAT) creates a bottleneck. Why not just make it 1% (for consumers) from the outset, so there's no need for refunds and so on. That simplifies the procedure," said Bobby, as reported by Antara, Wednesday (June 21, 2023).

On the same occasion, Gaikindo Chairman I Jongkie Sugiarto stated that his organization, along with several associations related to the electric vehicle ecosystem, has been discussing providing input to the government.

"We are providing input on what is still happening in the field, the difficulties, so that this (incentive program) runs smoothly and electric vehicle sales increase. The goal of the incentive is to increase the sales of motor vehicles or four-wheeled vehicles," said Jongkie.

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."