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Indonesia aims to start producing electric vehicles (EVs) in 2022
- Friday | 19th July, 2019
JAKARTA (Reuters) – Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country. Companies such as Toyota Motor Corp and Hyundai have expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub. Toyota has committed to invest $2 billion in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto, told reporters on Thursday. The government is also offering tax holidays for companies producing EV batteries in Indonesia. Several companies are currently developing smelters with high pressure acid leach (HPAL) technology to produce battery chemicals in Indonesia, including China’s Tsingshan Group.
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