#NYTimes: #Indonesia Regulator Eases Lending Rules for Electric Vehicles

Indonesia is keen to create a full nickel supply chain industry, starting from mining the ore, extract nickel chemicals used in EV batteries, down to building EVs at home.

Indonesia this year stopped exports of unprocessed nickel ore to ensure its nickel supply will be processed domestically, including for the battery chemical plants that are currently under constructions.

Indonesia sets an ambitious target on the adoption of electric vehicles (EV) with 2.1 million e-motorcycles and 2,200 e-cars expected to take the road by 2025. However, the availability of charging infrastructure and expensive price of EV remain to be the main challenges for the EV adoption.

The Indonesian government put high hopes on e-motorcycles adoption, while the development of e-cars is directed at certain areas, such as tourist areas, industries, and offices. The government also aimed the electric vehicles to be used as public transportation and operational vehicles.

Read more at: https://www.nytimes.com/reuters/2020/09/04/world/asia/04reuters-indonesia-electric.html

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