President Jokowi Launches Indonesia’s First Electric Car
President Joko “Jokowi” Widodo on Wednesday (03/16) launched the first electric car assembled in Indonesia, namely the Hyundai IONIQ 5 car produced by PT Hyundai Motor Manufacturing Indonesia.
“Today, Hyundai will launch the Hyundai IONIQ 5 electric car. The car is the first electric car assembled in Indonesia, which is produced to meet the demand of the Indonesian market as well as the export market,” the President said.
At the launching ceremony held in Bekasi regency, West Java province, the President also inaugurated the factory of PT Hyundai Motor Manufacturing Indonesia.
The President said that the launching of the electric car was the moment he had been waiting for as part of the Government’s energy transition efforts.
“In the future, electric vehicles must become our main mode of transportation, being the foundation for environmentally friendly transportation which will also be developed in our new capital, Nusantara,” the President said.
Indonesia has enormous mineral resources to support the development of the electric car and Indonesia must become an important player in the global supply chain in the electric car industry.
“We have nickel, we have cobalt as an important material for lithium batteries, we have bauxite which can be processed into aluminum and can be used for electric car chassis, and we have copper which is needed for batteries and cable systems in electric cars,” the President said.
President Jokowi went on to say that to become key player in the electric vehicle industry, the development of a strong domestic ecosystem is very important for competition with other countries. Down-streaming of mineral raw materials must also be carried out to increase the added value of a product.
“The year of 2022 will be an important moment for the development of lithium batteries for electric vehicles. Several investors will start construction, and they are ready to process our nickel and cobalt into lithium battery materials. In 2024, electric cars produced in Indonesia will use electric batteries and other important components produced in our country, Indonesia,” he said.
The President further said that the Government will continue to support the increase in local content of electric vehicles by providing incentives to reducing various regulatory barriers so that the upstream industry of electric vehicles will grow, create jobs, and become import substitution.
“The Government will always support every investment in electric vehicles in Indonesia and also the development of its upstream industry, especially the battery industry,” he said.
Closing his remarks, the President expressed hope that the launch of the Hyundai IONIQ 5 will spur the growth of electric cars in Indonesia.
“I hope that the Hyundai IONIQ 5 electric car will be an important milestone in the development of electric vehicles in Indonesia, spurring the development of electric cars that are increasingly sophisticated and in demand,” he remarked. (TGH/UN) (RI/MMB)