indonesia said last month it would allocate 7 trillion rupiah usd 46670 million in state funds to subsidise electric motorcycle sales through 2024indonesia has lowered its valueadd tax on batterybased electric vehicle sales to 1 from 11 to encourage the adoption of evs a government ministry said on monday amid efforts to attract investment into domestic production the incentive came into effect this month and will remain in place until the end of the year the coordinating ministry of maritime and investment affairs said in a statement a vat cut was also applied to some electric buses it said advt indonesia is stepping up efforts to lure investment into domestic production of ev batteries and evs to utilise its rich reserves of nickel which is processed for battery production officials have been trying to attract investment from electric car makers such as tesla and chinas byd auto south koreas lg and hyundai have already started constructing plants to assemble batteries and evs in the southeast asian country indonesia said last month it would allocate 7 trillion rupiah usd 46670 million in state funds to subsidise electric motorcycle sales through 2024 read alsocivic body to set up 82 ev charging points across puneus approves california plan requiring half of heavy duty trucks be ev by 2035teslas price war cheaper cars expected to drive record salestesla posts record quarterly deliveries after price cuts up 4 from q4 reuters published on apr 3 2023 at 1135 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app electric vehicles tesla hyundai ev sales indonesia vat byd auto electric car ev and future mobility ev batteries homenewsindustryindonesia lowers vat on electric vehicles to 1