Hyundai Ioniq, Indonesia's Best-Selling Electric Vehicle in Q1 2023

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Adi Ahdiat 18/04/2023 13:20 WIB

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The best-selling Battery Electric Vehicle (BEV) in Indonesia during Q1 2023 was the Hyundai Ioniq 5 Signature Extended, surpassing the Wuling Air EV Long Range, which had been the market leader throug

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Hyundai Ioniq, Indonesia's Best-Selling Electric Vehicle in Q1 2023

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Electric Vehicle (BEV) Wholesale Sales Volume in Indonesia by Brand (Q1 2023)

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In the first quarter of this year, sales of battery electric vehicles (BEVs) in Indonesia strengthened significantly.

Based on data from the Indonesian Automotive Industry Association (Gaikindo), wholesale sales of BEVs in the domestic market totaled only 64 units from January to March 2022.

However, from January to March 2023, sales reached 1,800 units, an increase of approximately 2,700% compared to the first quarter of last year.

The best-selling BEV in Indonesia in Q1 2023 was the Hyundai Ioniq 5 Signature Extended, surpassing the Wuling Air EV Long Range, which was the market leader in 2022.

At the beginning of this year, several new electric vehicle brands entered the Indonesian market, from manufacturers such as BMW (Germany), Mercedes Benz (Germany), KIA (South Korea), Mitsubishi Motors (Japan), and Morris Garage (China).

Here's a breakdown of wholesale sales of electric vehicles in Indonesia by brand in Q1 2023:

* Hyundai Ioniq 5 Signature Extended: 886 units
* Wuling Air EV Long Range: 537 units
* Hyundai Ioniq 5 Prime Extended: 73 units
* Hyundai Ioniq 5 Signature Regular: 70 units
* Toyota BZ4X EV: 64 units
* BMW iX xDrive40: 29 units
* Lexus UX 300e: 27 units
* Nissan Leaf: 26 units
* DFSK Gelora EC36 Mini Bus: 18 units
* Mini Cooper SE Hatch: 17 units
* Mercedes Benz EQS 450+ (V297): 13 units
* KIA EV6: 12 units
* Hyundai Ioniq 5 Prime Regular: 10 units
* DFSK Gelora EC35 Blind Van: 8 units
* Mitsubishi Motors Minicab Miev 4-Seater 4X2: 5 units
* Morris Garage ZS EV: 2 units
* Wuling Air EV Standard Range: 2 units
* Mitsubishi Motors Minicab Miev 2-Seater 4X2: 1 unit

The trend of electric vehicle sales in Indonesia is likely to continue strengthening in the near future.

This is because, starting this year, the government is providing Value Added Tax (VAT) incentives for the purchase of four-wheeled electric vehicles and buses. This has been stipulated through Minister of Finance Regulation Number 38 of 2023.

Starting April 1, 2023, the government implemented a 10% VAT reduction for the purchase of electric cars. This means buyers are only charged a remaining VAT of 1%.

However, the incentive is only given for the purchase of battery electric vehicles (BEVs) with a Domestic Component Level (TKDN) of over 40%. Currently, the electric vehicles that meet these criteria are the Wuling Air EV and Hyundai Ioniq 5.

On the other hand, electric buses can still receive incentives even if their TKDN is lower. Electric buses with a TKDN in the range of 20%-40% can get a 5% VAT discount, so the VAT paid by the buyer is only 6%.

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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Hyundai Ioniq, Indonesia's Best-Selling Electric Vehicle in Q1 2023

Hyundai Ioniq, Indonesia's Best-Selling Electric Vehicle in Q1 2023

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