Indonesian Finance Minister Purbaya Yudi Sadeva said at an auto show event on Tuesday that the Indonesian government will launch relevant measures in the next few weeks to promote the consumption of electric vehicles such as electric bicycles. Pulbaya said that the stimulus package covers 500,000 electric motorcycles and will be officially announced by Indonesian President Prabowo Subianto within two to three weeks. Pulbaya previously revealed that the government will provide a 5 million IDR car purchase subsidy for each electric motorcycle, but his statement on Tuesday did not mention this subsidy standard again. Pulbaya also said at the auto show that for specific categories of electric vehicles, the government will implement a policy of exempting up to the full amount of VAT.

Indonesian Finance Minister Purbaya Yudi Sadeva said at an auto show event on Tuesday that the Indonesian government will launch relevant measures in the next few weeks to promote the consumption of electric vehicles such as electric bicycles. Pulbaya said that the stimulus package covers 500,000 electric motorcycles and will be officially announced by Indonesian President Prabowo Subianto within two to three weeks. Pulbaya previously revealed that the government will provide a 5 million IDR car purchase subsidy for each electric motorcycle, but his statement on Tuesday did not mention this subsidy standard again. Pulbaya also said at the auto show that for specific categories of electric vehicles, the government will implement a policy of exempting up to the full amount of VAT.