Indonesia gives automakers more time to qualify for EV credits in investment bid

Indonesia gives automakers more time to qualify for EV credits in investment bid

Visitors look on the Hyundai Stargazer X, that is displayed during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, August 10, 2023. REUTERS/Willy Kurniawan

Indonesia said on Thursday it would give automakers two more years to qualify for electric vehicle incentives in Southeast Asia’s largest auto market, a move followed by investment commitments by China’s Neta EV brand and Mitsubishi Motors.