Additional Subsidy to Drive Conversion to Electric Motorcycles

By Editorial Team 21/08/2023
electric motorcycle subsidies
Summary

The government potentially increases subsidies for electric motorcycles converted from gasoline-fueled ones.

Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan said that President Joko Widodo is advocating for additional subsidies in the Jakarta area, which is currently grappling with air pollution issues.

"The president is striving for more incentives if feasible," Luhut said on Friday.

Following a meeting at the Office of the Coordinating Ministry for Maritime Affairs and Investment, West Java Governor Ridwan Kamil unveiled that there has been a discussion about raising the subsidy value for electric motorbike conversion from Rp 7 million to Rp 10 million per unit.

To facilitate this, an amendment to Energy Minister Regulation No. 3/2023 on the General Guidelines for Government Assistance in the Conversion Program of Motorbikes with Fuel Motor Drivers to Battery-Based Electric Motorbikes is deemed necessary.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.