Can Indonesia build on rising EV demand to become a production powerhouse?

Indonesia’s next electric-vehicle push will test whether President Prabowo Subianto can turn rising demand, nickel wealth and consumer subsidies into an integrated domestic industry that captures more value at home, or merely make imported and locally assembled EVs cheaper to buy. Analysts warn that without stricter local-content rules and stronger links between nickel processing, battery production and vehicle assembly, the incentives risk reinforcing Indonesia’s role as a large EV market...

By Vincent Tan