Indonesia Plans About $5,000 Subsidy for Each Electric-Car Purchase
- Hybrid car purchase, motorbike conversion to also get subsidy
- Jokowi seeks an end-to-end electric vehicle supply chain
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Indonesia is finalizing subsidies for electric vehicle purchases to boost local adoption and bring in more investments.
The government plans to give subsidies of up to 80 million rupiah ($5,130) for each purchase of an electric car made onshore, Industry Minister Agus Gumiwang said in a statement late Wednesday. A hybrid electric car will get an incentive of around 40 million rupiah, an electric motorbike about 8 million rupiah, while a motorbike converted into an electric one will get 5 million rupiah.