The Government of Indonesia has been striving to encourage electric vehicle adoption by launching major initiatives for both industry players and customers.
As EV-a2z recently reported, the government is attempting to court global leaders like Tesla and BYD into investing in the country by formulating a new set of incentives. Senior Minister Luhut Panjaitan even disclosed that he is set to have a business meeting with BYD executives in Chengdu on Thursday. Meanwhile, his meeting with Tesla CEO Elon Musk will occur in California on August 3.
Now, the government has developed a new initiative that may further boost EV adoption in the country.
The Indonesian electric vehicle industry must now adhere to the newly imposed price caps for fast and ultrafast charging stations under the Ministry of Energy and Mineral Resources No.182.K/TL.04/MEM.S/2023 decree.
EV charging price cap details
Through the new legislation, the government mandates that companies must only charge EV owners up to Rp25,000 using fast chargers. Meanwhile, the price cap for using ultrafast chargers is Rp57,000.
It must be noted that these charging price caps exclude Value Added Tax (VAT) of prevailing taxation laws.
As per TEMPO.CO, the Energy and Mineral Resources Minister’s Regulation No.1/2023 has regulated EV charging costs in the country.
See Also:
- Indonesia to launch new set of incentives for electric automakers, organizes a meeting with Tesla and BYD
- Governments of Australia and Indonesia entered into a “win-win” battery partnership, analyst says
- Indonesia cuts EV tax, boosting sales for Hyundai and Wuling
- Southeast Asia lags in terms of electric vehicle adoptions
- Three Southeast Asian countries are competing for China’s BYD plant
This new legislation will substantially accelerate the country’s electric vehicle adoption as it guarantees that customers would only pay fair prices for charging their cars. It will also offer a level playing field for charging companies as it will avoid charging price war.
