Chinese EVs drive record high sales in Indonesia, set for explosive growth in 2025

Chinese EVs drive record high sales in Indonesia, set for explosive growth in 2025


But while they are gaining traction among Indonesian consumers, adoption rates remain low compared to neighbouring countries such as Singapore and Thailand

[JAKARTA] Chinese automakers drove a huge surge in Indonesia’s electric vehicle (EV) sales last year, more than doubling to a record 43,000 units and this is set to keep growing in 2025 with solid sales tax incentives for local production, further shaking up the country’s traditional automotive industry.

Latest data from the Association of Indonesia Automotive Industries (Gaikindo) showed an over 150 per cent surge in Indonesia’s battery electric car sales to 43,188 units in 2024, with BYD leading the charge, selling over 15,000 units and solidifying its position as a powerhouse in South-east Asia’s EV market.

This surge contrasts sharply with conventional car sales, which experienced a 14 per cent drop in wholesale to 866,000 units and nearly 11 per cent decline in retail to some 890,000 units. This reflected changing consumer preferences and the growing influence of government-backed incentives for greener transportation options.

Copyright SPH Media. All rights reserved.



Source link

Leave a Reply