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Get ready! Electric Vehicle Subsidies Will Be Announced Next Monday

Jakarta

The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan stated electric vehicle subsidies will be announced next week. There is a possibility that the announcement will be made at the beginning of the week.

If nothing goes wrong, the electric vehicle subsidy will be announced on Monday 6 March 2023.

“Hopefully next week an incentive policy (electric vehicle) will come out, yes. Not subsidies. Incentives given to motorbikes and cars,” Luhut said when met at his office, Thamrin number, Central Jakarta, Friday (3/3/2023).

“Yes, Monday we will see,” he continued.

Regarding the form of the incentive, Luhut was reluctant to elaborate, what is clear is that an announcement will be made next week.

“(The form) will be announced later, just wait,” said Luhut briefly.

Previously, Minister of Energy and Mineral Resources Arifin Tasrif had confirmed that the policy of providing subsidies for electric vehicles would start in March 2023. Arifin revealed this certainty after holding a coordination meeting at Luhut’s office with several other ministers.

“Our plan is to get going in March,” said Arifin Tasrif at the office of the Coordinating Ministry for Maritime Affairs and Investment, Central Jakarta, Monday (20/2/2023).

He said this subsidy was targeting conversions to electric motorbikes, buying new motorbikes and new cars. However, for cars, he ensured that they were not in the form of money.

“Conversion motorbikes and also new motorbikes also exist, four-wheeled vehicles also exist but not money,” he said.

Arifin said that by providing electric motorbike subsidies, it was hoped that it would help people have electric vehicles at affordable prices.

Arifin also confirmed that the subsidy for electric motorbikes is around IDR 7 million. “Yes, for motorbikes, the magnitude is roughly that,” he said.

(hal/hns)

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