The Indonesia Battery Corporation plans to produce 50,000 battery packs for two-wheelers next year.
Indonesia’s state-owned electric vehicle company is focusing on the more than 115 million motorcycles roaming the country’s roads as it presses ahead with efforts to reduce emissions.
IBC was formed in 2021 to realize President Joko Widodo’s ambition to have an end-to-end EV supply chain — from nickel ores to locally made electric cars. The government is under increased pressure to cut oil imports after the soaring global cost of crude forced it to hike gasoline prices, a move that sparked protests and weakened support for Jokowi, as the president is known.
The government aims to boost domestic use of electric vehicles to 2 million units in 2025, and there are plans to offer an incentive of 7.5 million rupiah for consumers to swap gas-guzzling motorbikes for electric ones.In the next five years, IBC will produce battery materials and cells while recycling used batteries in a project with partners LG Energy Solution and China’s CATL, Nugroho said.
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