Indonesia eyes mass production of home-grown EVs by 2028

Indonesia hopes to have 13 million electric motorcycles and 2 million electric cars on its roads by 2030

Prabowo was referring to a 60-hectare development that aims to produce up to 50,000 vehicles annually and then expand into a 539-hectare facility with a capacity of up to 300,000 vehicles per year, according to a statement from the government in June.

Prabowo announced the target at the launch of a national electric motorcycle programme, which aims to build an integrated ecosystem spanning manufacturing, batteries, charging and after-sales services.

To boost electric scooter sales, state-owned lenders will offer cheap vehicle loans with longer tenors, Rosan Roeslani, CEO of Indonesian sovereign wealth fund Danantara, said at the same event.