- Indonesia and Thailand compete to become Southeast Asia’s EV hub.
- Both offer tax breaks and subsidies to boost adoption.
- As the race heats up, they attract global EV manufacturers like BYD, VinFast, and Tesla.
Nickel, nickel, everywhere
Indonesia and Thailand are vying to become the electric vehicle (EV) hub of Southeast Asia. While Thailand has historically dominated car manufacturing, Indonesia boasts vast nickel reserves, a crucial component in EV batteries.
Indonesia and Thailand have implemented aggressive tax strategies to make EVs more affordable. Both countries offer subsidies and tax breaks for consumers and manufacturers until 2025.
Geopolitical BFFs and homegrown heroes
Inadequate charging infrastructure and range anxiety remain significant barriers to EV adoption in Indonesia. Thailand has taken steps to address this issue by offering tax exemptions and simplifying the application process for charging station operators.
Strong ties with the US and China will be crucial for both countries’ success in the EV market.
As the race heats up, Indonesia and Thailand are attracting investments from global EV manufacturers like BYD, VinFast, and Tesla.
To read the original article: https://www.techinasia.com/indonesia-seeks-to-surpass-thailand-as-electric-detroit-of-sea
