Does Indonesia LEV Market have the potential to sustain high double digit CAGR in the future?: Ken Research With the rising awareness of a sustainable environment and increasing prices of fuel, the LEV market in Indonesia is growing at a CAGR of ~87% between 2017 and 2021. The industry is in a nascent stage and moderately fragmented, where more players are expected to enter the market. The vision to make Indonesia a free-emission… Read More »
Indonesia LEV Market, Industry Growth and Analysis, Market By End User, By Commercial End User, By Type of Vehicle: Ken Research How Is LEV Market Positioned In Indonesia? Indonesia is the world’s fourth most populous nation and 10th largest economy in terms of purchasing power parity. The LEV space of Indonesia is highly dominated by the two-wheeler segment, as the country’s two-wheeler population is extremely large. Being a low-middle class dominated country leading to affordability issues,… Read More »
LEV Sales in Indonesia expected to cross 200,000 by 2026F with government courting foreign investments and promoting green growth: Ken Research The market is moderately fragmented with presence of major private and public manufacturers in various potential locations across Indonesia. To be price competitive and reduce the risk that comes from the mere sale of energy, CPOs may need to explore partnerships and adjacent offerings. With the largest reserves of nickel, a key raw material for… Read More »
The Indonesia electric 2W segment accounted for a high double digit market share in 2021 with a high demand for cheap and energy-efficient personal vehicles: Ken Research Indonesia has not yet developed clear incentives schemes for vehicle electrification, however several ministerial regulations to support adoption of EVs were enacted from 2020. Tax Incentives: 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… Read More »
