Additional Incentives Expected to Boost Local Assembly of EV

Despite incentives, the government continues to offer stimulus packages for the electric car industry, including a 0% Value Added Tax (VAT) and ease of Domestic Content Level (TKDN) regulations. These measures aim to boost sales volume and, in turn, promote local assembly in the electric car sector.

Fatkhul Maskur

2 Des 2023 - 22.18
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Additional Incentives Expected to Boost Local Assembly of EV

Electric car is charging at SPKLU. /Dok. Wuling

Bisnis, JAKARTA — Despite incentives, the government continues to offer stimulus packages for the electric car industry, including a 0% Value Added Tax (VAT) and ease of Domestic Content Level (TKDN) regulations. These measures aim to boost sales volume and, in turn, promote local assembly in the electric car sector.

Minister of Industry Agus Gumiwang Kartasasmita announced plans to introduce additional incentives at the Presidential Palace Complex on Monday (31/7/2023). Already, a total of 7 fiscal incentives have been implemented for consumers, manufacturers, and workshops involved in converting spark-ignition engine to electric engine.

The government has announced additional incentives with the aim of enhancing Indonesia's competitiveness and attracting potential investors. One of these measures includes exempting taxes for completely built up (CBU) cars imported into Indonesia.

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Additional Incentives Expected to Boost Local Assembly of EV

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