Within the ASEAN region, each country competes with the others not only in food, sport, and culture but also in industry and in particular the automotive sector. Thailand (the largest Light Vehicle producer in the region) and Indonesia (with the largest LV sales) are now competing to be the ASEAN BEV (battery electric vehicle) production hub. Both have announced incentive programmes aimed at boosting BEV demand and production.
Indonesia’s new policy to attract BEV investment – a bumpy road ahead?
Despite BEV sales up from 0.5k units in H1 2022 to 6k units in H1 2023, Indonesia’s BEV sales lag far behind neighbouring Thailand
