Indonesia To Offer Subsidies For EVs Up To $5,000 | Carscoops carscoops
that the Indonesian government is preparing to offer an 80 million rupiah subsidy for EVs — with one catch: they have to be locally made.
The announcement was made by Industry Minister Agus Gumiwang Kartasasmit, although no timeline for the implementation of the project was given. Some see the move as a way to reduce the strain on the country’s budget. In light of soaring oil prices, Indonesia kept gas prices low with subsidies to the tune of $44 billion. Reductions in said subsidies are reported to have sparked widespread protests.
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