Indonesia Electric Vehicle Market Outlook (2020-2025) | Size, Share, Revenue, Forecast, Trends, Value, Analysis, industry, Outlook & COVID-19 IMPACT

Indonesia Electric Vehicle Market report comprehensively covers the market by vehicle types, charger types, DC charger power ratings, and by-charger end consumers. Indonesia electric vehicle market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Developments of the Indonesia Electric Vehicle Market

Indonesia Electric Vehicle Market is accumulating immense growth over the years. Government support and incentives launched by the government to support the development of the electric vehicle market which include tax exemptions, subsidies, and charging infrastructure development. Also, Indonesia has launched several electric vehicle pilot projects in collaboration with local and international partners to promote the adoption of electric vehicles. The government is working to expand the charging infrastructure in the country to install thousands of charging stations in major cities and tourist destinations.

Moreover, the government has launched initiatives to develop electric buses and taxi fleets to reduce emissions and improve air quality. Further, the country is working with international partners, such as South Korean and Chinese companies to develop and promote the electric vehicle market in Indonesia.  The country is also investing in the development of battery production facilities to support the growth of the electric vehicle market and reduce dependence on imported batteries. Thus, the market will continue to grow in the forthcoming years with major developments.

Indonesia Electric Vehicle Market Synopsis

The 2-wheeler, 3-wheeler, and 4-wheeler electric vehicle market are expected to take a hit amid the Covid-19 pandemic in 2020 while the electric bus market is likely to remain relatively resilient. Moreover, manufacturing is suffering from both declines in output via ‘supply shock’ as well as ‘demand shock.’ A rapid revival of the Indonesia electric vehicle market is anticipated from 2021 onwards.

According to 6Wresearch, Indonesia electric vehicle market size grew at a CAGR of 18.9% from during 2020-2025. Indonesia electric vehicle (EV) market is expected to register significant growth, due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving the demand for electric vehicles in Indonesia.

Market Analysis By Vehicle Types

2-Wheelers is the largest segment in the Indonesian automotive industry. Additionally, increasing environmental concerns, coupled with favourable government initiatives such as “President Decree No. 55/2019” for EVs to make up a minimum of 20 % of total local vehicle sales by the year 2025, are some of the major factors driving electric vehicle market growth. Additionally, rising energy costs and competition among emerging energy efficiency technologies are also expected to fuel market growth over the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2020 to 2025F.
• Base Year: 2019
• Forecast Data until 2025F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Electric Vehicle Market Overview
• Indonesia Electric Vehicle Market Outlook
• Indonesia Electric Vehicle Market Forecast
• Historical Data and Forecast Indonesia Electric Vehicle Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of Indonesia Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2018-2028F
• Historical Data and Forecast of Indonesia Electric Vehicle Market Revenues and Volume, By Charger Types, for the Period 2018-2028F
• Historical Data and Forecast of Indonesia Electric Vehicle Market Revenues and Volume, By DC Charger Power Ratings, for the Period 2018-2028F
• Historical Data and Forecast of Indonesia Electric Vehicle Market Revenues and Volume, By Charger End Consumers, for the Period 2018-2028F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Trends
• Indonesia Vehicle Market Revenue Ranking, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Vehicle Types

• Electric 2-Wheeler
• Electric 3-Wheeler
• Electric 4-Wheeler
• Passenger Car
• Light Commercial Vehicle (Goods Carrier)
• Electric Bus
• Electric Truck

By Charger Types

• AC
• DC

By DC Charger Connector Types

• CHAdeMO
• CCS
• Others (including Tesla superchargers and GB/T)

By DC Charger Power Ratings

• 40-80 kW
• 80-120 kW
• 120-200 kW

By Charger End Consumers

• Public
• Private