The optimal tax incentive and subsidy to promote electric trucks in Indonesia: Insight for government and industry

Wangs, Ivan Darma; Vanany, Iwan; Siswanto, Nurhadi

doi:10.1016/j.cstp.2023.100966

Cited by 16 publications

(6 citation statements)

References 23 publications

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“…Governments in numerous countries and areas are seeking out purifier and extra sustainable approach of transportation to cope with the global troubles of greenhouse fuel (GHG) emissions, air pollutants, and fossil gas dependence (Wangsa et al, 2023). Indonesian authorities brought to inspire and boost up the implementation of diverse EV applications in Indonesia.…”

Section: Government Role With Respect To Electronics Vehiclesmentioning

confidence: 99%

EV Markets: A Comparative Analysis between India, Nigeria, and Indonesia

Shree,

Edeh,

Sin

et al. 2024

IJAFAP

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This study aims to provide a comparative analysis of the electric vehicle (EV) markets in India, Indonesia, and Nigeria. The analysis will encompass various aspects of the EV market, including government regulations, charging infrastructure, consumer behavior, and market penetration. The objective is to identify the primary drivers and impediments to EV adoption in these nations. The research employed a mixed-method approach, utilizing both primary and secondary data collection methods. The analysis reveals that economic factors, particularly satisfaction with EVs, significantly impact adoption, with India exhibiting higher average satisfaction than Indonesia and Nigeria. A positive correlation between satisfaction ratings in India and Indonesia suggests commonalities in consumer preferences, although data limitations hinder conclusive insights. Notably, India's policy framework emerges as more conducive to EV adoption, with a statistically significant positive impact. The study implies that economic factors, especially satisfaction, contribute significantly to India's lead in EV adoption, highlighting the crucial role of the policy framework.

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Section: Government Role With Respect To Electronics Vehiclesmentioning

confidence: 99%

EV Markets: A Comparative Analysis between India, Nigeria, and Indonesia

Shree,

Edeh,

Sin

et al. 2024

IJAFAP

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“…These studies, conducted across various regions and economies, propose multifaceted strategies to bolster the feasibility and attractiveness of EVs in the market. Suggestions encompass a spectrum of measures, including but not limited to incentivizing EV purchases through tax credits or subsidies [23], expanding charging infrastructure networks to alleviate range anxiety [24], fostering research and development initiatives to enhance battery technology and efficiency [25], and implementing regulatory frameworks that promote environmental sustainability and reduce reliance on fossil fuels. These proposed policies underscore the complex and interconnected nature of factors influencing the widespread adoption of EVs, emphasizing the need for comprehensive, multifaceted approaches to realize their full potential within the transportation landscape.…”

Section: Literature Reviewmentioning

confidence: 99%

Modeling the Impact of Different Policies on Electric Vehicle Adoption: An Investigative Study

Abas,

Tan

2024

WEVJ

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Electric Vehicles (EVs) emerge as a crucial solution for alleviating the environmental footprint of the transportation sector. However, fostering their widespread adoption demands effective, targeted policies. This study introduces a versatile model, amalgamating stakeholders and policies and leveraging local data with broader market applicability. It delineates two key EV adopter groups—innovators and imitators—shedding light on their evolving impact on adoption trends. A pivotal feature of the model is the factoring of EV attractiveness, comprising Life-Cycle Cost (LCC), Driving Range, Charging Time, and infrastructure availability, all of which are expected to improve with the fast technological advancement of EVs. Financial policies, notably subsidies, prove potent in boosting EV adoption but fall short of targeted sales due to imitator lag. In response, a pragmatic solution is proposed: a government-led EV acquisition of 840 EVs, coupled with a 20% subsidy on new EV purchases and a 20% tax on new ICEV purchases, potentially realizing a 30% EV sales target by 2035. Future research avenues may delve into behavioral dynamics prompting imitators’ adoption, optimizing EV infrastructure strategies, and assessing the socio-economic impacts of EVs. Interdisciplinary approaches hold promise for enriched insights for effective EV integration policies.

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“…Through a comprehensive literature review regarding global trends in the automotive industry, the benefits of electric vehicles, and the role of partnerships in sustainable development, this research aims to provide insight into Indonesia's position in the electric vehicle market and the implications of international collaboration on the country's industrial landscape (Wangsa et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Indonesia's Movement to Become the Main Player in The Electric Vehicle (EV) Market in Southeast Asia

Budiono,

Virgianita

2024

AJESH

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This article discusses Indonesia's position in the electric vehicle market with a focus on investment from multinational companies such as Hyundai. Globalization plays an important role in the development of the electric vehicle industry, with the aim of reducing pollution and exhaust emissions. Multinational companies are often involved in the production of environmentally friendly vehicles as part of efforts towards a green economy. Through descriptive qualitative research methods, this research describes the relationship between state policies and the behavior of investment actors in the phenomenon of global capitalism in globalization and its impact on the electric vehicle market in Indonesia. With investment from multinational companies, Indonesia is expected to become the leading electric car battery producer in ASEAN. The steps and strategies for cooperation between Indonesia and Hyundai in developing the electric car battery industry are also discussed in this article.

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The optimal tax incentive and subsidy to promote electric trucks in Indonesia: Insight for government and industry

Cited by 16 publications

References 23 publications

EV Markets: A Comparative Analysis between India, Nigeria, and Indonesia

EV Markets: A Comparative Analysis between India, Nigeria, and Indonesia

Modeling the Impact of Different Policies on Electric Vehicle Adoption: An Investigative Study

Indonesia's Movement to Become the Main Player in The Electric Vehicle (EV) Market in Southeast Asia

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