Indonesia is planning a series of incentives for #electriccar manufacturers and drivers, to help bolster a sector that has already lured investment. The draft is awaiting the president’s approval.
The rules would change taxation of #vehicles so they would be levied based on fuel consumption and #carbonemissions instead of body type and engine size, favoring electrified vehicles. Under current rules, a US$65,000 BMW X3 sDrive sport utility vehicle carries a lower luxury tax rate than a US$58,000 Hybrid-powered Toyota Camry because sedans have been considered a more luxurious car type.
Access @scmpnews article through our Twitter account @iipc_newyork.
#InvestIndonesiaNOW
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The rules would change taxation of #vehicles so they would be levied based on fuel consumption and #carbonemissions instead of body type and engine size, favoring electrified vehicles. Under current rules, a US$65,000 BMW X3 sDrive sport utility vehicle carries a lower luxury tax rate than a US$58,000 Hybrid-powered Toyota Camry because sedans have been considered a more luxurious car type.
Access @scmpnews article through our Twitter account @iipc_newyork.
#InvestIndonesiaNOW
View on Instagram