
Sales of electric vehicles in Indonesia grew by an astonishing 680% in May 2023 compared to the year before, following the recent implementation of government subsidies.
Since March this year, different ministries have been issuing regulations on Rp7 trillion (about US$456 million) worth of subsidies for people buying or converting electric motorbikes in 2023 and 2024, as well as reduced taxes for electric car purchases.