Bloomberg Law
Jan. 14, 2019, 2:23 PM

Indonesia to Allow Duty-Free Imports of Electric Cars

Tassia Sipahutar
Tassia Sipahutar
Bloomberg News

Indonesia plans to allow duty-free imports of electric vehicles and offer fiscal incentives to companies planning local production as President Joko Widodo sees potential savings of billions from switching to battery-powered transport.

The government will soon issue a regulation that will enable Southeast Asia’s largest economy to compete with other countries in developing electric vehicles, Widodo, known as Jokowi, told reporters in Jakarta. The potential savings from lower fossil fuel dependence and imports are seen at about 798 trillion rupiah ($56 billion) he told a cabinet meeting, without elaborating.

Hyundai Motor Co. and Volkswagen AG are among companies interested in ...

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