Indonesia: Electric Motorbikes Surge Ahead

18 Aug 2023
TechnoBusiness

Spire consultant, Rahmat Ramdani talks about the growing potential of the electric motorbikes in Indonesia. 

To curb carbon emissions, the Indonesian government targets the production of over 2.45 million two-wheeled electric vehicles (EVs) by 2030. 

The Indonesian Motorcycle Industry Association data highlights a 27% sales growth in electric motorbikes between 2021 to 2022. The transition from fossil fuels, coupled with fluctuating prices is powering the shift. Government support has also bolstered this shift, through tax reductions, fiscal incentives, and stringent environmental regulations, all designed to attract discerning buyers. 

Insights from Spire Research and Consulting reveal that 7 out of 10 individuals are aware of these government incentives, and 6 out of 10 respondents have expressed interest in purchasing electric motorbikes regardless of them.  

Peer influence is substantial, with 35% seeking recommendations from friends and family. Additionally, 15% and 11% respectively consider automotive influencer reviews on YouTube and insights from motorcycle credit providers.  Prospective buyers prioritise familiar factors such as pricing, design, battery performance, and mileage. Importantly, the economic advantage of EVs is evident – charging costs are lower than fuel expenses, reinforced by environmental consciousness. 

Challenges include ensuring robust quality and accessibility of EV charging infrastructure, alongside streamlining battery swap solutions. Presently, Indonesia has 570 electric charging stations, with pronounced urban gaps in Java, where 369 stations are concentrated in big cities. 

Click here to read the full article at TechnoBusiness. 

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Marie Teo
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355
E-mail: [email protected]