Indonesia’s electric vehicle (EV) ecosystem is rapidly gaining traction, with investment related to the sector now accounting for about 15.5% of total incoming investment, and approximately 90% of the planned investment already realized. This progress reflects growing confidence from both domestic and international investors, supported by strong government incentives and policy frameworks that have encouraged major global players to enter or expand in the Indonesian market. These investments span the full EV value chain, from upstream mineral and smelter activity to downstream battery manufacturing and vehicle assembly, underscoring the nation’s commitment to building a robust EV industry.

Government officials have noted that expanding the domestic EV market not only boosts vehicle deployment — with over 330,000 EVs now on Indonesian roads — but also strengthens wider economic growth by attracting foreign capital, advancing local manufacturing capabilities, and enhancing export potential. The near‑achievement of investment targets signals Indonesia’s strong positioning as a key regional hub for clean mobility investments. Continued policy support and strategic partnerships are expected to further accelerate investment flows and solidify the country’s role in the global shift toward electrified transportation. 
Source: https://www.techinasia.com/news/indonesia-nears-90-of-planned-ev-investment-target