Indonesia gives tax incentives to EV makers including China’s BYD, GAC Aion

Quick Summary:

The carmakers, which are building factories in Indonesia, will enjoy an exemption on import taxes and a break on luxury taxes.

Before that, it had secured a deal in 2023 to become the main EV supplier for local taxi company Blue Bird.

The government has been offering incentives such as tax breaks to lure EV-related investment from around the world.

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Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets: Hong KongChinaIndonesia

Topics: Sales Largest Incentives Indonesia Battery Manufacturers Southeast Company Aion Production Effort

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 20:30:15 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 318 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24432679

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