Indonesia has announced a new series of incentives to encourage the sales of locally produced and imported electric vehicles (EVs), in its latest bid to turn itself into Southeast Asia’s key EV market and manufacturing hub. According to a report by Reuters, the new rules, released on Tuesday evening, “will remove luxury tax on EVs … Read more
Magazine Across Southeast Asia, countries do not want to simply be a market for EVs. They want to make them. A Chinese made BYD electric car, part of the first fleet of electric taxies will be in service in Thailand from Sept. 9, 2018 is parked at a park during a preview in Bangkok, Thailand, … Read more
November 14 was a pivotal moment in the annals of Indo-Pacific geopolitics, as leaders from 14 nations came together to endorse the Indo-Pacific Economic Framework (IPEF)’s Supply Chain Agreement. This U.S. initiative is the bedrock of an ambitious initiative that seeks to transcend the traditional boundaries of trade and supply chain resilience to embrace clean … Read more
Indonesia is set to “advance mutually beneficial cooperation” with Australia in developing electric vehicle (EV) and battery supply chains. The collaboration will involve mapping the supply chains, joint scientific and research studies, as well as fostering new business-to-business links between the two countries. Both countries plan to capitalize on their respective nickel and lithium resources … Read more
Indonesia has been ramping up its electric vehicle industry through a series of investments, but there is a lingering question over whether this will be enough. Growth in the EV market has so far been bumpy yet exciting, helped by steady investment from the ASEAN region since 2019. It is expected to have a market … Read more
On Monday, Indonesian President Joko Widodo will hold a bilateral meeting with U.S. President Joe Biden at the White House on Monday, prior to next week’s APEC Leaders’ Meeting in San Francisco. There will no doubt be a number of issues on the agenda, but according to some reports, one shared interest is both countries’ … Read more
Advertisement Leaping up from his chair, Rachmat Kaimuddin begins to sketch out on a whiteboard the various stages of the complex supply chain for electric vehicles (EVs). From his office in the Coordinating Ministry of Maritime Affairs and Investment, Indonesia’s point man for its EV industrial policy lays out a vision of nickel ore flowing … Read more
Advertisement The Indonesian government announced earlier this month that it expects Tesla to make a sizeable investment in the archipelago’s electric vehicle (EV) industry “within months,” a major coup for President Joko “Jokowi” Widodo as he nears the end of his second and final term in office. Although the scope of the deal is unclear, … Read more
Advertisement When work on a $4 billion manufacturing plant for Vietnamese automaker VinFast began in North Carolina in July 2023, Ted Osius, the head of the U.S.-ASEAN Business Council, expressed a hope shared by many companies and governments in the Southeast Asian electric vehicle (EV) space: that they would be eligible for tax credits under … Read more
Advertisement Yesterday, a senior Indonesian official announced that the U.S. electric vehicle (EV) manufacturer Tesla plans to invest in the manufacture of battery materials in the country. According to a report from Reuters, Coordinating Minister of Maritime and Investment Affairs Luhut Binsar Pandjaitan said in an Instagram post that he met with Tesla chief Elon … Read more