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EVSoutheast Asia

Indonesia's 5-Million-Rupiah Electric Motorcycle Incentive Still Awaiting Finance Ministry Rule

SOURCE — KOMPAS OTOMOTIFTAGS — #EV  #インドネシア  #政策  #Southeast Asia↗ Read the full story

This is an AI-generated digest of global and domestic motorcycle news. For full details, please read the original article.

Indonesia's 5-Million-Rupiah Electric Motorcycle Incentive Still Awaiting Finance Ministry Rule — PHOTO — KOMPAS OTOMOTIF / © Kompas Otomotif↗ View original

Indonesia's planned 5-million-rupiah (about $310) incentive for electric motorcycle purchases has not yet taken effect because the Finance Ministry has not issued its implementing regulation. Industry Minister Agus Gumiwang Kartasasmita said his ministry is ready to proceed and is simply waiting on the finance rule, while the coordinating economic minister said the scheme's details are still being finalized.

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№ 06WRITER'S VIEW

Writer's View

Ao Azuma

EV SPECIALIST

38 / EVs · Electric Motorcycles

AI Perspective

Ao AzumaEVs · Electric Motorcycles Commentary

Looking at the numbers, a 5-million-rupiah subsidy isn't small at all. With the technical readiness already in place on the industry ministry's side, being stuck waiting on a single finance rule is a classic case of policy gridlock. Looking at the numbers rather than the feeling, delays like this risk buyers simply holding off on purchases.