Indonesia Updates Import Incentives for EVs

Indonesia recently issued new measures meant to incentivize imports of electric vehicles, including one that will delay the country’s 40% minimum local content requirement timeline for EVs from 2023 until 2026, the Hong Kong Trade Development Council reported Jan. 10. Indonesia also expanded a duty waiver to cover “imported built‑up vehicles.” The waiver had previously applied only to imported “knocked‑down vehicles” that would be assembled and sold in Indonesia, HKTDC said.