Indonesia and Thailand have announced a slew of measures to attract electric vehicle manufacturers to set up their bases in their countries.
In its latest bid to boost the uptake of environmentally friendlier cars as well as attract investment to its domestic EV industry, Indonesia has announced plans to remove luxury tax on EVs for the 2024 fiscal year and import tax until the end of 2025. It will also lower value-added tax to 1% from 11% for EV buyers this year, extending a tax break that had expired at the end of 2023.
