A Closer Look At Indonesia's EV Subsidies Plan

electric vehicle
Summary

  • The Indonesian government is in serious talks to roll out electric vehicle (EV) subsidies, with three points known so far regarding the plan.
  • Minister of Finance Sri Mulyani Indrawati is reportedly not supporting the EV subsidy idea. Her reluctance is associated with her limited statements about the matter.
  • The Coordinating Minister for Investment and Maritime Affairs Luhut Binsar Pandjaitan is accused of having a business interest in the government plan for EV ecosystem development.
  • The EV subsidy plan reaps criticism, including from parliament. However, a half-agreed signal is coming from the chairman of the parliament’s budget agency.

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