Consistent, positive growth in electric car sales: expert

Jakarta (ANTARA) – Electric car sales in Indonesia have recorded consistent and significant growth, driven by rising public interest in models of various specifications and prices in the market, combined with the government’s policy support.

“In Indonesia, sales of EVs (electric vehicles) still shows strong growth and has yet to reach a saturation point,” an automotive expert from Bandung Technology Institute (ITB), Yannes Martinus Pasaribu, said here on Saturday.

“The significant growth in sales can be seen from the 43,188 units sold in 2024, an increase of 153 percent from the previous year,” he added.

He said that the figure shows that the EV market is going strong.

Manufacturers are also aggressively improving their products and services, offering more battery capacity, mileage, and even a lifelong warranty on auto parts, including batteries.

The market has been made more robust by growing public awareness about the benefits of EVs compared to internal combustion engine (ICE) vehicles, which run on gas.

“Maintenance (cost) is cheaper, not to mention the choices of EV models grew more in variants and price points, close enough to the internal combustion engine (ICE) counterparts,” he elaborated.

Other aspects contributing to EV sales include government support, which has ranged from tax incentives to infrastructure development, such as the establishment of electric charging stations (SPKLU), he said.

The Association of Indonesia Automotive Industry (Gaikindo) seconded his statements. Head of Gaikindo, Jongkie Sugiarto, said that although the variety of models highlights the trend, price is still the biggest factor in the decision to purchase.

“Electric cars still has its (prospective buyers), depending on the price point,” Sugiarto informed.

The market is expected to grow further in the next few years on the back of consumer awareness, pricing strategies of manufacturers, and government incentives.

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