Electric Vehicle Incentive Retreats April 1, 2023, Here’s the Point

Jakarta — The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) announced that incentives for electric vehicles have been postponed to April 1, 2023.

He said the electric vehicle incentives were already in the process of being finalized.

The vehicles included consist of two, four-wheeled wheels and buses as fiscal incentives.

“For four-wheeled battery-based electric motorized vehicles (KBLBB), including buses, as a fiscal incentive, the policy launch will be announced on April 1, 2023,” he said in a press conference.

electric vehicle incentives

Sepeda listrik Sacrifice. (Photo: Carmudi)

Until now, subsidies that are said to be in the finalization stage for the finalization process.

Luhut also emphasized that incentives for electric motorbikes per day had been officially launched.

“This electric motorbike subsidy applies to both the purchase of a new motorbike and the conversion of a conventional motorbike. With this mass adoption along with other policies, it is hoped that the transformation industry can move towards a green industry,” he continued.

The fiscal incentives in question consist of 7 types that will be given to the community, factories, to modification workshops for the process of converting gasoline-engined vehicles to electricity as follows.

Giving a tax holiday for up to 20 years. Application of super tax deduction up to 300%. Exemption from VAT on mining goods including nickel ore as a raw material for making batteries. VAT on imports and acquisition of model goods in the form of machinery and factory equipment for the motor vehicle industry. PPnBM for domestic electric cars and the Ministry of Industry’s program is 0% compared to electric vehicles with 15% PPnBM. Most favored nation (MFN) incompletely knocked down (IKD) or 0% CKD import duties through cooperation. Regional taxes are in the form of a reduction in motorized vehicle transfer fees or BBN and motorized vehicle taxes or PKB by 90%.

Luhut also said that all electric vehicles that will receive subsidies must be locally assembled with a domestic component level (TKDN) of up to 40%.

electric vehicle incentives

Minister of Finance Sri Mulyani also explained that the subsidy for electric motorbikes is IDR 7 million per unit.

In 2023 there will be 200 thousand units of new electric motorbikes and 50 thousand units of convertible electric motorbikes that will get quotas.

“For cars, a VAT incentive of 10 percent is given, so only 1 percent of VAT has to be paid,” continued Sri Mulyani on the same occasion.

Director General of Metal, Machinery, Transportation Equipment and Electronics Industry of the Ministry of Industry Taufiek Bawazier added that as of Monday (20/3/2023) there were only 8 companies with 13 motorcycle models that had TKDN certificates above 40%.

“The number of two-wheeled KBLBB industrial companies that have certificates of TKDN above 40 percent to date have been 8 companies for 13 models,” he said.

Author: Rizen Panji
Editor: Dimas

Download the Carmudi App to Get the Best New & Used Car Rows and the Latest Automotive Information!

Download Carmudi from Google Play Store Download Carmudi on the App Store

Post Views: 468

Leave a Comment