To begin with, the country is a key source of nickel, cobalt, and copper that are essential to the manufacture of EV batteries. Since momentum is building for the adoption of EVs in Asia, Indonesia is hoping to become a key part of the supply chain by becoming a major producer of lithium-ion batteries. Undeniably though, there are a number of crucial factors that make Indonesia great soil for investment in the electric vehicle industry and factors that are holding them back from accelerating its efforts. The government of the largest Southeast Asian economy is well aware of international developments related to EVs, and in fact, aims for Indonesia to become the EV production hub of SEA by 2030. The government encourages the production of nickel ore-related products, such as electric vehicle batteries, through local production capacity, and ever since that, global leading stakeholders from China and Japan have already started investing in the country. Things however have sped up since President Joko Widodo issued a decree detailing the timeline to achieve a certain amount of EVs as public transport means and private uses. This is despite being the largest nickel reserves in the world.
0 Comments
Leave a Reply. |