Terms and how to get electric car and motorcycle incentives, take note!

Jakarta — To get incentives for electric cars and motorbikes, there are conditions and methods that must be followed by every member of society.

This rule was stated by Luhut Binsar Panjaitan, the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Monday (20/3/2023).

In the press conference it was said that the new electric motorbike incentives would only target people who have Micro, Small and Medium Enterprises (MSMEs) and recipients of the People’s Business Credit (KUR) program.

Meanwhile, for the conversion of electric motorbikes, only 1 subsidized motorbike will be facilitated.

electric vehicle incentive requirements

(Photo: Carmudi)

One of the conditions for getting electric car and motorbike incentives is that the owner’s name on the STNK and KTP must be the same.

For convertible motorbikes, later it is required to have BPKB and STNK which are still active and legally valid.

Other regulations also state that the capacity of a motorcycle engine that can be converted is a maximum of 110-150 cc.

This means that not all motorbikes can be converted into electric vehicles.

On the same occasion the Minister of Finance Sri Mulyani said that electric cars would get a discount on Value Added Tax (VAT) of 10% from the previous 11%.

This means that the VAT that will be paid by the public is only 1%.

But with a note, the vehicle must at least have a Domestic Component Level (TKDN) content above 40%.

“Tkdn cars and electric buses above 40% participating in the Ministry of Industry program are given a 10% VAT incentive so that only 1% of VAT has to be paid,” Sri Mulyani said as we monitored on the Coordinating Minister for Maritime Affairs’ YouTube channel.

electric vehicle incentive requirements

Terms and ways to get electric vehicle incentives

Referring to these regulations, only 2 car brands receive subsidies, namely the Hyundai Ioniq 5 and Wuling Air ev.

To provide these subsidies, the Government has also allocated funds of IDR 7 trillion in 2023 and 2024.

The budget will later be given to 800 thousand units of new electric motorbikes and 200 thousand units of convertible electric motorbikes.

He further said that the 250 thousand new electric motorbike units that will receive incentives this year have a budget of IDR 1.75 trillion.

While the remaining 750 thousand units will be provided in 2024 with a budget of IDR 5.25 trillion.

The origin of these funds is from the state general treasury and will be distributed to each Ministry.

“That later (funds from the state general treasury) will be transferred from the state to each Ministry,” explained Director General of Budget at the Indonesian Ministry of Finance Isa Rachmatarwata, Monday (20/3/2023).

Author: Rizen Panji
Editor: Dimas

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