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Aya Lin · · 1 min readIn brief: Indonesia plans incentives to form electric-vehicle hub
- Indonesia is planning a slew of incentives for electric-car manufacturers and drivers to help bolster a sector that has already lured investments from Toyota Motor Corp. and SoftBank Group Corp., Bloomberg reported, citing a draft government strategy.
- The measures are aimed at accelerating the adoption of battery-powered cars in Indonesia and building a base for the production and export of such vehicles.
- The measures include lower taxes for manufacturers and buyers of electric cars and benefits for owners, such as special parking areas.
- Indonesia, which is one of the largest untapped markets for electric vehicles, wants electric cars to constitute a quarter of its car production by 2030 as it tries to bring in more global companies.
Editing by Charmaine de Lazo
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