Indonesia eyes own EVs by 2026
Published on: Friday, September 15, 2023
By: Antara News
According to Luhut, this is the best momentum for Indonesia to own and manufacture its own EVs, considering the rapid global transition from conventional vehicles to EVs.
JAKARTA: Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan targeted Indonesia to manufacture its own electric cars or electric vehicles (EV) by 2025 or 2026 during a workshop in Jakarta on Thursday.
Luhut mentioned that Indonesia is currently attracting EV manufacturers to develop in the state, one of which is Geely, one of China’s biggest electric vehicle manufacturers.
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“We have spoken with Geely for a few months, and two days ago we offered the company to conduct joint research to develop EVs in Indonesia,” he said. Geely, the minister proceeded to mention, was welcoming toward the idea.
“We are currently discussing the technicalities and the president (Indonesia’s president Joko “Jokowi” Widodo) green-lighted [the joint research plan].”
According to Luhut, this is the best momentum for Indonesia to own and manufacture its own EVs, considering the rapid global transition from conventional vehicles to EVs.
The global market for EVs also surpassed its critical point of 5 to 10 percent, allowing speedy growth for the electric vehicles trade.
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Meanwhile, the manufacturing sector also hit a critical point after EVs sold 10 percent of the total sales.
“This is the chance for Indonesia to own self-manufactured EVs. With this joint research, we could leapfrog,” he concluded.
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