Urgent.News

What's breaking now, across thousands of outlets.

Business

EV two-wheeler sales slump as incentive hangs in limbo, industry warns

Electric motorcycles sales have fallen sharply from 70,000 units last year to only 18,900 until August this year, according to the Indonesian Electric Motorcycle Industry Association (Aismoli).

EV two-wheeler sales slump as incentive hangs in limbo, industry warns

Indonesian electric motorcycle sales have plummeted from 70,000 units last year to just 18,900 by August, the Indonesian Electric Motorcycle Industry Association (Aismoli) reports. The domestic electric vehicle sector fears the government's inconsistent stance on incentives for electric two-wheeler purchases is deterring sales and forcing dealers to consider closing.

The industry had been anticipating a Rp 3 trillion (US$167 million) subsidy, offering buyers a Rp 3 million reduction per locally manufactured electric motorcycle, for up to 100,000 units. However, the program's timeline has been altered multiple times by the government, leaving no clear indication when the incentive would be delivered.

Periklindo Chairman Moeldoko questioned the government's indecisiveness, calling for clarity on when the incentive would be enacted. He emphasized that the incentive should be seen as a means to hasten the transition from gasoline-powered vehicles, rather than merely a financial burden on the state.

Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thejakartapost.com →

More in Business

Einigung über EU-Handelsabkommen mit den Philippinen

Von der Leyen spricht nach einem Telefonat mit dem philippinischen Präsidenten von einer grundsätzlichen Einigung. Einige Details sind aber noch ungeklärt.

  • EU reaches political agreement on free trade deal with Philippines.
  • Agreement achieved three years after von der Leyen initiated trade talks.
  • Further discussions needed to finalize deal with all details.

More from Tuesday 22 September →