Politics
Indonesia aims to produce 600,000 electric vehicles by 2030
TEMPO.CO, Jakarta – Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan targets electric vehicles, or Electric vehicleProduction in Indonesia is expected to reach 600,000 units by 2030. Luhut said this could reduce emissions by up to 160,000 tonnes of CO2 per year.
“Furthermore, (EV “The 1.5 MW production (1.5 MW production) will reduce fuel imports by 45 million liters per year and save Rp 131 billion in subsidies per year,” Luhut said at the inauguration of the PT Hyundai LG Industry (HLI) Green Power Karawang electric car battery plant on Wednesday, July 3, 2024, broadcast via the Ministry of Investment’s YouTube channel.
Luhut said that establishing an electric vehicle ecosystem will increase the added value of Indonesia's domestic industry as the level of domestic components (TKDN) has also improved. According to Luhut, the use of locally produced LG batteries will increase the value of TKDN by 40 to 80 percent.
“Indonesia is ready to become a key global player in the electric vehicle supply chain by utilizing our rich resources integrated with cutting-edge technology,” the minister said.
President Joko Widodo or Jokowi inaugurated the HLI Green Power electric vehicle battery plant in Karawang, West Java on Wednesday, July 3, 2024. The plant is considered the first and largest in Southeast Asia. South Korea invested $3.1 billion, or Rp. 44.88 trillion, for the electric vehicle company with a projected capacity of 30 GWh.
Jokowi said the inauguration of HLI Green Power was a new milestone for Indonesia. “We will play a vital role in the electric vehicle supply chain by building an electric vehicle smelter and battery factory,” the president said.
RIRI RAHAYU
Editors Choice: Indonesia's Jokowi opens Southeast Asia's largest electric vehicle battery factory in Karawang
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