Indonesia unveils EV subsidies to woo Tesla, BYD

Government aims to create market attractive to global EV makers

20230306 Photo courtesy of Coordinating Ministry for Maritime Affairs and Investment

Luhut Binsar Pandjaitan, second from left, Indonesia's coordinating minister for maritime affairs and investment, and Industry Minister Agus Gumiwang Kartasasmita, second from right, meet reporters in Jakarta on March 6. (Photo courtesy of Coordinating Ministry for Maritime Affairs and Investment)

ISMI DAMAYANTI and ERWIDA MAULIA, Nikkei staff writers

March 6, 2023 21:48 JST

JAKARTA -- Indonesia announced on Monday a subsidy program for electric cars, scooters and buses in its latest move to boost EV adoption in the country and help win investment deals with global EV makers, such as Tesla of the U.S. and China's BYD.