Indonesia develops EV ecosystem to assist ASEAN’s energy flexibility


Airlangga Hartarto, Coordinating Minister of Economic Affairs of Indonesia, stated at the 2023 ASEAN Climate Forum on September 2nd that the country is working on developing a suitable electric vehicle (EV) ecosystem to support ASEAN's energy flexibility.

Hartarto said, “The development of EVs is crucial to protect the environment, as it can help us reduce greenhouse gas emissions, accelerate the energy transition, decarbonize the land transportation sector, achieve zero-emission goals, and enhance ASEAN’s energy resilience. "

During the 42nd ASEAN Summit held in Labuan Bajo, Indonesia, in May 2023, ASEAN countries formulated the ASEAN Leaders' Declaration on Developing Regional EV Ecosystem to confirm the region's determination to play an important role in the global EV industry.

Through the announcement of the declaration, ASEAN countries agreed to cooperate in the development of the EV ecosystem, improve related infrastructure and charging stations, and create a favorable business environment and investment environment to attract investment.

In addition, ASEAN also agreed to optimize the production and utilization of sustainable materials and resources to achieve higher value creation in the region's EV supply chain and promote the use of renewable energy in the region.

Hartarto also emphasized that Indonesia plays a key role in developing the EV industry ecosystem, adding that the government aims to achieve the production of 600 battery-based electric cars and 2.45 million battery-based electric motorbikes by 2030.

He hopes that this forum will focus on establishing a comprehensive framework to achieve the 2060 net zero goal, realize the energy transition, and develop a decarbonization strategy and sustainable financing plan. The ASEAN electric vehicle market is expected to be worth 2.7 billion USD in 2027.

Indonesia is determined to develop an appropriate industrial ecosystem, in line with President Joko Widodo’s policy vision. He hopes that ASEAN can become one of the leaders in the global EV industry.

Related Topics
Indonesia invites China, Japan, S Korea to develop ASEAN EV ecosystem
Indonesia presents solutions to lure energy transition investments in ASEAN

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