Press release
Indonesia Electric Vehicle Market to Reach USD 2020.13 Mn by 2029, emerging at a CAGR of 20.96 percent and forecast 2023-2029
Indonesia Electric Vehicle Market
Indonesia's Coordinating Minister for Maritime Affairs and Investment underscores the magnitude of investment required - an estimated US$35 billion over the next five to 10 years - to cultivate a robust EV ecosystem and secure a pivotal position in the global supply chain. Indonesia's ambitious roadmap allocates $17 billion towards the development of 2.1 million electric motorcycles and 400,000 electric vehicles on the road by 2025, with a focus on local manufacturing, constituting 20% of the total.
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Indonesia Electric Vehicle Market Research Methodology:
An essential facet of this report is its dedication to unraveling the nation's journey towards electrification. One of Indonesia's primary objectives is to electrify Jakarta's metropolitan mass public transportation system within seven years, necessitating a fleet of 14,000 electric buses. The state-owned power company, PLN, stands firmly behind this vision, committing to the installation of over 31,000 additional electric vehicle charging stations by 2030, backed by a $3.7 billion investment.
What are Indonesia Electric Vehicle Market Dynamics:
the manufacture of electric vehicle batteries. One of the world's greatest nickel reserves is found in Indonesia. A quarter of the world's known nickel resources are found in Indonesia. In 2022, Indonesia will produce 760,000 tons of nickel, with a total nickel resource of 21 million metric tons. Indonesia's Grasberg mine, in addition to possessing the world's largest gold reserve, also possesses the world's second-largest copper deposit, which is necessary for the creation of electric car batteries.
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Indonesia Electric Vehicle Market Regional Insights:
Within the Indonesian EV market, distinctions in vehicle types are evident. The market is sub-segmented into Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), and Hybrid Electric Vehicles (HEV). In 2022, the Hybrid electric vehicle segment took the lead, surpassing other categories. Notably, hybrids enjoy greater popularity in Indonesia compared to plug-in hybrids and fully electric vehicles. In 2022, the country witnessed the sale of 685 hybrids and a mere 20 plug-in hybrids, as reported by the Indonesian automotive association GAIKINDO. The preference for hybrids is driven by their ability to seamlessly blend electricity and gasoline combustion, eliminating concerns about charging infrastructure limitations and cost-effectiveness.
What is Indonesia Electric Vehicle Market Segmentation:
by Type
• BEV
• PHEV
• HEV
by Vehicle Type
• Two Wheeler
• Passenger Car
• Commercial Vehicle
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Who are Indonesia Electric Vehicle Market Key Players:
• BMW AG
• DFSK Motors
• Honda Motor Co., Ltd.
• Isuzu Motors Limited
• Mazda
• Mitsubishi Motors Corporation
• Nissan Motor
• Suzuki Motor Corporation
• Toyota Motor Corporation
• Wuling Motor (SGMW Motors)
• Mercedes Benz
• Tesla
Table of content for the Indonesia Electric Vehicle Market includes:
Indonesia Electric Vehicle Market: Research Methodology
Indonesia Electric Vehicle Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Indonesia Electric Vehicle Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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