Indonesia’s electric vehicle (EV) market has recorded strong growth since the introduction of incentives under Presidential Regulation No. 79 of 2023. From the end of 2023 to the end of 2025, total EV sales expanded significantly from around 17,000 units to approximately 103,000 units. The policy has created a more attractive investment climate by providing clearer regulations, encouraging manufacturers to enter the market, and offering consumers a wider range of affordable and higher-quality electric vehicles.

The regulation has also transformed the industry landscape. The number of EV manufacturers operating in Indonesia has increased from just two to at least 10, with additional players preparing to establish local production. Market share held by these manufacturers has risen sharply to about 65%, compared with roughly 12% prior to the policy. At the same time, available EV models have grown to more than 100 from around 30, supported by competitive pricing, improved battery capacity, and better vehicle quality. Industry stakeholders highlight that this progress supports environmental sustainability, strengthens national energy security by reducing fuel imports, and aligns EV adoption with long-term industrial and infrastructure development.
Source
https://en.antaranews.com/news/402346/indonesias-ev-market-jumps-after-2023-incentive-policy