Indonesia offers tax incentives to attract EV makers, aiming to become a key production hub in Southeast Asia.

Indonesia is offering tax incentives to attract electric vehicle (EV) manufacturers like Citroen, BYD, and AION. The government aims to make Indonesia a key EV production hub in Southeast Asia. Starting in 2025, the companies will benefit from zero import duties, a 15% tax incentive, and additional benefits for vehicles meeting local content requirements. These incentives are part of broader fiscal measures to boost consumer spending and support the manufacturing sector amid economic challenges. Indonesia's goal is to produce 600,000 EVs by 2030, a significant increase from current levels.

3 months ago
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