Japanese automotive giant #Toyota plans to introduce 10 #electricvehicles to the Indonesian market over the next five years, as part of its $2 billion investment pledge to support the Southeast Asian country's push to develop a world-class electric vehicle industry and reduce fossil fuel consumption and greenhouse emissions.
President Joko Widodo has set the electric vehicle industry as the government focus for the next several years, intending to make 20 percent of cars in #Indonesia electric by 2025. The country also seeks to become the global hub for battery and electric vehicle production.
Besides Toyota, South Korea’s #Hyundai Motor has also made an inroad to developing electric vehicles in Indonesia, committing about $1.55 billion in investment. Hyundai expected its manufacturing plant in West Java to start production next year.
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President Joko Widodo has set the electric vehicle industry as the government focus for the next several years, intending to make 20 percent of cars in #Indonesia electric by 2025. The country also seeks to become the global hub for battery and electric vehicle production.
Besides Toyota, South Korea’s #Hyundai Motor has also made an inroad to developing electric vehicles in Indonesia, committing about $1.55 billion in investment. Hyundai expected its manufacturing plant in West Java to start production next year.
Access @jakartaglobe article via our Twitter post.
#StaySafe #StayHealthy
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