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Indonesia mulls reducing tax on EVs sales to 1%

Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment.
Indonesia mulls reducing tax on EVs sales to 1% ảnh 1Indonesia mulls reducing tax on EVs sales to 1% (Photo: AFP/VNA)

Jakarta (VNA) – Coordinating Ministry ofMaritime Affairs of Indonesia said it is considering reducing the value-addedtax on electric car sales from 11% to 1% to drive up demand andattract investment.

Septian Hario Seto, a senior official of the ministry, said the country has a target of having at least 1.2 million electricmotorcycles and 35,000 electric cars in use by 2024.

He revealed the government will give a cash incentiveof 7 million rupiah (467.6 USD) for every electric motorcycle sold until salesreach a certain volume that is still under discussion. However, the plannedincentives may only be available for electric vehicles (EVs) that areat least 40% locally-made.

The official said the local content percentage will be increased further to 60% and more in the time ahead. The regulationlaying out incentives for EVs is expected to be issued next week./.

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