KONTAN.CO.ID - JAKARTA. Indonesia is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment, said Septian Hario Seto, a senior official with the investment coordinating ministry. Indonesia has a target of having at least 1.2 million electric motorcycles and 35,000 electric cars in use by 2024. "We are still doing a benchmark analysis with other countries [on electric vehicles incentives]," he told reporters after speaking at an investment forum on Wednesday.
Indonesia Considers Slashing VAT on Electric Car Sales to 1%
KONTAN.CO.ID - JAKARTA. Indonesia is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment, said Septian Hario Seto, a senior official with the investment coordinating ministry. Indonesia has a target of having at least 1.2 million electric motorcycles and 35,000 electric cars in use by 2024. "We are still doing a benchmark analysis with other countries [on electric vehicles incentives]," he told reporters after speaking at an investment forum on Wednesday.