Sales of electric vehicles in Indonesia grew by an astonishing 680% in May 2023 compared to the year before, following the recent implementation of government subsidies.
Since March this year, different ministries have been issuing regulations on Rp7 trillion (about US$456 million) worth of subsidies for people buying or converting electric motorbikes in 2023 and 2024, as well as reduced taxes for electric car purchases.
While those booming sales seem like good news, I believe the subsidy program is a temporary solution to push for widespread electric vehicle adoption.
In the long…
