A senior official from Indonesia’s Industry Ministry has announced that the country aims to start production of electric vehicles in 2022, Reuters reports. At the same time, the country is pushing for EV development and battery production facilities to create a downstream industry for nickel laterite ore, for which it has in abundance.
The raw material is used for production of lithium batteries. Companies such as Toyota and Hyundai have already expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub. The Japanese automaker has committed to invest US$2 billion (RM8.24 billion) in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto told the press.
“By 2022, production of electric-based vehicles should start,” said Harjanto, director general of metal, machinery, transportation and electronics at the Industry Ministry. He also said that the government has targeted EVs to reach a 20% share of national car production by 2025.
As incentive, the government is offering tax holidays for companies producing EV batteries in Indonesia. “Recently there were a few battery companies which met the (industry) minister, but it is still an initial intention,” Harjanto said.
“They see Indonesia has big potential to develop electric-based products due to the availability of raw material,” he added. Several companies are currently developing smelters with high pressure acid leach (HPAL) technology to produce battery chemicals in Indonesia, including China’s Tsingshan Group.
Meanwhile, Harjanto also added that the government is in the midst of finalising the revision of a luxury car tax scheme to encourage the production of cars with lower carbon emissions.
Looking to sell your car? Sell it with Carro.
dont worry malasia also hv frying car due coarse
No worries. Still can’t beat Madeys flying car project. If only the project could take off (haha!) after spending all that millions into it, and even more millions earmarked for it
First Thailand, Second Indonesia. Malaysia still finding sands.
Malaysia keep step backwards
All invested gone to neighbor country
Because of your beloved old fart…all gone to neighbouring countries.
Toyota more reliable than Hyundai
Forget Hyundai, Toyota is readying their EV.
Time to upload your new wallpaper bro
Now this is forward thinking by Indo govt… developing based on its local resources with sustainable ideas… so much lacking in our own current govt.
Good for Malaysian, we no need to do anything the others do for us. In the future, we can buy a hi-tech car from Singapore (Dyson EV Project), then a hybrid car from Thailand and now will be the cheaper EV from Indonesia.
IF we can afford it in the future. Well maybe can, by then we will be exporting our people to work as maids and construction workers.
at least they sign up with TOYOTA and HYUNDAI two top global brands. unlike GEELY Chinese copy cat car unknown anywhere rather than share manipulation. rebading old cars in Malaysia and people buy them!!!! we never progress like this while all our neighbors are going up.
Toyota oso signup with Geely apa mau cakap? https://paultan.org/2018/09/12/toyota-in-talks-with-geely-on-hybrid-tech-cooperation/