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Economy

Indonesia to introduce tax breaks for low-carbon cars

Government pledges to cut emissions by 29% by 2030

Toyota Motor displays one of its hybrid car models at a Jakarta motor show in April.

JAKARTA -- The Indonesian government has drawn up a policy framework to fully promote environment-friendly cars, such as electric and hybrid vehicles. The key pillar of the new policy is to introduce tax breaks for low-carbon emission cars, with the goal of reducing emissions by 29% by 2030.

According to the Ministry of Industry, the government plans to make the tax exemption and other plans public by the end of the year, under a plan that will probably be called the "Low Carbon Emission Vehicle" program.

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