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 »
