Indonesia launches subsidy for electric vehicles

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Indonesia launches subsidy for electric vehicles

STORY: Indonesia launches subsidy for electric vehicles DATELINE: March 21, 2023 LENGTH: 00:01:06 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of electric vehicles (Courtesy of Wuling factory) 2. various of vehicles in Indonesia 3. various of vehicles queueing for petrol (Courtesy of Antara) STORYLINE: Indonesia's government on Monday officially launched a program of subsidies for purchasing electric motorcycles. The government has budgeted 455 U.S. dollars in subsidy for each purchase of electric motorcycles and 65 U.S. dollars for converting to electric vehicles starting on Tuesday. Finance Minister Sri Mulyani Indrawati said that a total of 455 million U.S. dollars will be allocated for the program until 2024. It aims to reach 10 percent electric vehicle penetration as of 2024. Indrawati added that additional incentives, including tax holidays and value-added tax discounts, will be provided to cut the prices of electric cars and buses. The policies will be announced on April 1. Xinhua Ne

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