Rising of middle to affluent class, High nickel reserves and the environmentally conscious Indonesians will lead to a demand for EV Charging Equipment Market – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. Electric Vehicle Charging Equipment Market grew at a CAGR of 499% on the basis of revenue during 2017 to 2021 To Know More about this report, download a Free Sample Report The revenue of EV Charging Equipment market grew at a CAGR of 499% during 2017 to 2021. This tremendous growth is attributed to the rapid urbanization and Private vehicle ownership which has been steadily rising by more than 5% yearly. The number of electric vehicle chargers for SPLKU built by PLN was estimated to be 198 in 2021 which grew at a CAGR of 355% during 2019 to 2021. The state-owned utility company PLN has signed memorandums of understanding with 20 companies to push EV adoption in Indonesia. 13 companies are set to provide support with the installing charging stations, six companies will help build the vehicles and one company aims to develop their own charger. Construction of charging stations (Stasiun Pengisian Kendaraan Listrik Umum or SPKLU) and battery trade-in stations (Stasiun Penukaran Baterai Kendaraan Listrik Umum or SPBKLU) across Indonesia as of February 2021 was targeted. PLN has already completed 32 SPLKU and 22 pilot projects for SPBKLU in 33 cities of Indonesia. 2. Charging Stations in Indonesia can be distinguished as: General Electric Vehicle Charging Station (SPKLU) and General Electric Vehicle Battery Exchange Station (SPBKLU) BPEV recharging is conducted through private electrical installations and/or public BPEV charging stations (Stasiun Pengisian Kendaraan Listrik Umum or “SPKLU”). SPKLU will be located in petrol stations (SPBU and SPBG), central and regional government offices, malls, and roadside public parking lots. SPKLU may also be located in other areas, so long as they meet certain criteria (such as being reachable by BEV owners and having dedicated parking spaces). Public Electricity Battery Exchange Stations (Stasiun Penukaran Baterai Kendaraan Listrik Umum or “SPBKLU”), enable members of the public to rent batteries and exchange them when they run out. Similar with charging facilities, exchange stations will be located within petrol stations (SPBU and SPBG), central and regional government offices, malls, and roadside public parking lots, or other locations meeting the relevant criteria. Visit This link Request for Custom Report Availability of Nickel, Tax Incentives, Low Electricity Cost are the main growth drivers for the Electric Vehicle Market in Indonesia Plenty of nickel reserves in Indonesia gives natural advantage for battery manufacturing, which is one of the most essential components of an EV. Indonesia produced about 760,000 tons of nickel in 2020, with a total nickel reserve of 21 million metric tons. Electric vehicle businesses with a capital of over USD 34.7 Mn will receive a 100% cut in corporate income tax, while investments worth USD 6.9–34.7 Mn will receive a 50% cut. The government is considering to provide a tax holiday to battery makers to increase the production of electric cars in Indonesia Indonesia provides cheapest electricity in the region. Compared to the price of petroleum at around USD 0.9/L, electricity in Indonesia only costs for USD 0.1/kwh. This can give future EV users great economic benefits, which could also be the main driver for EV to further develop in Indonesia. EV uptake in Indonesia could also be the result of Indonesian growing population and the rising of middle to affluent class, which means increasing purchasing power that leads to higher purchase of personal vehicle. The growing trend to live environmentally conscious in Indonesia will lead to a demand in EV and thereby EV charging equipment. 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