A VAT cut was also applied to some electric buses Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production, The incentive came into effect this month and will remain […]
Singapore, Indonesia to build renewable energy industry in Batam – EQ Mag
Singapore and Indonesia plan to develop a renewable energy industry in Batam that will produce equipment and build power plants to supply electricity into Southeast Asia’s biggest economy and for export. Singapore and Indonesia will facilitate the development of solar farms and battery energy storage system (BESS) to supply renewable energy, and when viable, hydrogen […]
Promoting biomass as a source of renewable energy in Indonesia – EQ Mag
As part of reaching net-zero by 2060, Indonesia plans by 2025 to produce energy from renewables as much as 23 per cent. JAKARTA : Indonesia has committed to cutting carbon to net-zero by 2060, a huge statement by the government to take extreme action into tackling climate change. The government has detailed its roadmap for […]
Like Musk, nickel-rich Indonesia has high electric vehicle ambitions – EQ Mag
JAKARTA : Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric […]
ADB, DSNG Sign Sustainability-Linked Loan to Support Rural Livelihoods and Agroforestry in Indonesia – EQ Mag
JAKARTA, INDONESIA : The Asian Development Bank (ADB) signed a $15 million loan facility with PT Dharma Satya Nusantara Tbk (DSNG) to help the company expand sustainable wood processing, rural livelihood development, and climate-resilient agroforestry in Java, Indonesia. The ADB proceeds will finance capital expenditure to implement energy-efficient and water-saving processes, and procurement of cultivated […]
Is Indonesia serious about stopping climate change and boosting renewable energy?(commentary) – EQ Mag
Is Indonesia serious about making a renewable energy transition? A new op-ed argues that it is not, as the government and banks continue to permit and fund electricity sources reliant on fossil fuels. “Will we as citizens remain silent when the government is not serious about carrying out the energy transition agenda?” the writer wonders. […]
Indonesia considers $320 million in incentives to boost EV sales in 2023 – EQ Mag
Indonesia may allocate 5 trillion rupiah ($320.41 million) from next year’s budget to incentivise electric vehicle (EV) purchases, though details of the scheme were still being finalised, a senior minister said. Industry Minister Agus Gumiwang Kartasasmita said buyers could get a discount of 80 million rupiah for EVs made by firms with factories in the […]
Indonesia to offer US$5,000 subsidy on electric car sales – EQ Mag
JAKARTA: Indonesia’s government plans to offer a subsidy of more than US$5,000 on every sale of an electric car, a minister said on Wednesday. It will also offer incentives to encourage purchases of electric motorbikes as well as hybrid cars, Industry Minister Agus Gumiwang Kartasasmita said, as part of plans to reduce carbon emissions in […]
Indonesia to offer $5,000 subsidy on electric car sales – EQ Mag
JAKARTA : Indonesia’s government plans to offer a subsidy of more than $5,000 on every sale of an electric car, a minister said on Wednesday. It will also offer incentives to encourage purchases of electric motorbikes as well as hybrid cars, Industry Minister Agus Gumiwang Kartasasmita said, as part of plans to reduce carbon emissions […]
ADB Supports Development of Science and Technology Parks in Indonesia – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a loan equivalent of $138.52 million to support a Government of Indonesia strategy to commercialize research and development (R&D) and improve start-up success at four science and technology parks (STPs) in Indonesia. The Promoting Research and Innovation through Modern and Efficient Science and Technology Parks […]