DUBLIN–(BUSINESS WIRE)–The “Indonesia Lev Market Outlook to 2026F – Driven by the Indonesian Government’s Policies, Incentives and Subsidies to Make the Country Free Emission by 2060” report has been added to ResearchAndMarkets.com’s offering.
The report titled “Indonesia LEV Market Outlook to 2026F” provides a comprehensive analysis of the potential of the Light Electric Vehicle industry in Indonesia.
The report covers various aspects including the current LEV Scenario and manufacturing infrastructure status in Indonesia, revenue generated from LEVs, its segmentations viz Engine Capacity, Battery Type (Removable vs Unremovable), End User (Private vs Commercial), by Commercial End User, by Geographic Distribution, major trends and developments, issues and challenges, government regulations and product analysis.
The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Indonesia Light Electric Vehicle Market
Indonesia is the world’s fourth most populous nation and 10th largest economy in terms of purchasing power parity. The LEV space of Indonesia is highly dominated by the two-wheeler segment, as the country’s two-wheeler population is extremely large. Being a low-middle class dominated country leading to affordability issues, it results in a high demand for two-wheelers.
Indonesia Light Electric Vehicle Market Competition
The market is moderately fragmented with presence of major private and public manufacturers in various potential locations across Indonesia. Different types of LEVs are available in the Indonesian Market, differentiated on the basis of being 2 or 3 wheelers, their top speed and engine capacity.
While Gesits stands out in the race, other companies such as Viar, Volta, Selis etc., are also the key players in the market. To be price competitive and reduce the risk that comes from the mere sale of energy, CPOs may need to explore partnerships and adjacent offerings.
Indonesia Light Electric Vehicle Market Future Outlook and Projections
Indonesia is one of the largest countries in the world. With fast economic growth and rapid urbanization in Indonesia, it is projected that more people will acquire a personal vehicle for mobility. The growing trend to live environmentally conscious in Indonesia’s middle affluent class are likely to uptake the EV sales in future.
Despite growing development of public transport infrastructure, ownership of personal transportation mode is still favored by most Indonesians due to its flexibility, convenience and symbol of economic status. In an effort to encourage Indonesia to become a major player in EV industry, the government created an EV ecosystem by involving stakeholders consisting of producers, battery producers, pilot projects and infrastructure such as charging stations and pilot projects showing great potential for the industry in future.
With time and good infrastructure development, the unremovable charging methods are anticipated to gain popularity in the country, despite the dominance by the removable type due to its tighter design.
Indonesia Light Electric Vehicle Market Segmentation
By Type of Vehicle (2-Wheeler vs. 3-Wheeler):
Indonesia is dominated by the low-middle class sections where people look for pocket friendly & low maintenance vehicles leading to a higher demand for 2W
By Type of 2-Wheeler (Scooters/Mopeds vs E-Cycles):
The electric 2W’s have are slowly penetrating in the market where the current penetration is at very low level, however it is anticipated to grow significantly in the near future.
By Maximum Speed:
The Indonesian market as compared to the other ASEAN countries is working on a different trend, other ASEAN countries have a much higher dominance of lower speed vehicles, whereas in Indonesia, the market is currently dominated by vehicles majorly in the range of 60-70 Km/h speed for greater mileage.
By Engine Capacity:
Engine capacity of 30-70 kW vehicles are preferred as more powerful engines are likely to be able to accelerate faster and tow heavier loads. With more powerful and bigger engines, cars usually cost more and are expensive to maintain. Hence, sale of vehicles above a certain engine capacity are very low.
By Battery Type (Unremovable vs Removable):
Removable batteries are the most commonly used batteries in the country due to its convenience as compared to the unremovable batteries. Indonesians majorly prefer them as detachable batteries can be easily swapped and use normal portable charging where they can be charged anywhere.
By End User (Commercial vs Private):
Commercial Users have dominated the market as many individuals and organizations/ companies are moving toward sustainability where the country is initiating to get to zero emission country in its energy sector by 2050. Hence, many have started to convert their fleets to greener alternatives with added tax incentives by the government.
By Commercial End User:
The government is playing a vital role providing strong support and numerous benefits to companies striving towards achieving emission free country by giving tax benefits, subsidies on purchase of zero emission fleets, investments into the EV space which are driving the market.
By Region:
In 2021, there was a large number of international visitor arrivals in the country. With Java and Jakarta being the hubs for tourism, many tourists take 2W on lease for commuting purpose. The country is working towards new and greener provinces with low penetration of EV vehicles and hence there are less vehicles in regions like Kalimantan, Sumatra and others.
Scope of the Report
Time Period Captured in the Report:
By Type of Vehicle
By Type of 2-Wheeler
By Maximum Speed
By Engine Capacity
By Battery Type
By End User
By Commercial End User
By Region
Companies Covered:
For more information about this report visit https://www.researchandmarkets.com/r/juk0ta
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