Indonesia is set to unveil a stimulus package aimed at boosting the sales of electric vehicles, according to the country's minister of industry. The move is part of Indonesia's efforts to reduce its reliance on fossil fuels and meet its ambitious targets for a low-carbon economy. With a rapidly growing middle class and a large population, Indonesia is seen as a crucial market for electric vehicle manufacturers looking to expand their presence in Southeast Asia. The stimulus package is expected to provide incentives for consumers to purchase electric vehicles, potentially including tax breaks and subsidies, in a bid to drive demand and establish Indonesia as a hub for the production and sale of electric vehicles in the region.
Indonesia to launch stimulus to boost electric vehicle sales, minister says Reuters
