Toyota Motor Japan has prepared a large sum of fund for Indonesia’s future EV industry. The company will gradually invest a total of $2 billion for EV development in the next four years.
Akio Toyoda, the president of the company stated that his company is ready to support the EV development in Indonesia. He also stated that the company recognizes Indonesia has already had a road map from manufacturing to adoption and consumer usage of EV.
This is in line with President Joko Widodo’s plan on making Indonesia as one of the leading EV producer in the world. With this investment, Indonesia might be making its own EV cars.
And with Toyota’s goal of having half of its global sales from EVs by 2025, the country is a perfect place to invest. Moreover, Indonesia has a sizable market and strong government leadership that boost up Toyota’s confidence over the investment.
Indonesia’s EV development
The EV development in the country starts by many researches. For it, Toyota, together with Indonesian government, appointed six universities in the country. And the hybrid model is deemed fit to be an alternative.
President Joko Widodo also stated his intention to pave the road for the country’s EV industry. With a handful of ministries and agencies, he is working to settle new regulations related to EV. The launch of the new regulations will be as soon as possible.
Though it’s still an unfamiliar thing in Indonesia, Blue Bird taxi Jakarta has operated the EV taxis since May this year. The company uses Tesla Model X 75D A/T for its exclusive line. And BYD e6 A/T cars for the regular line.
Grab is also planning to operate the sustainable rides in the country. Anthony Tan, CEO of Grab has met with Luhut Pandjaitan, Indonesian Coordinating Minister for Maritime Affairs. The meeting held in February was to discuss Grab’s plan on investing for EV industry in Indonesia.
