According to statistics from the Association of Indonesia Automotive Industries (GAIKINDO), 2023 production declined by 5.1% year-over-year (y/y) to 1.396 million units and sales fell by 4.0% y/y to 1.006 million units, while exports of completely built units (CBU) increased by 6.7% y/y ...
1 %) stood for 14,1 % of global light vehicle sales at H1 close, compared to 11,3 % in 2022 H1. Norway had the highest market share of EVs in H1 (BEV 75 % + PHEV 6 %), China had 30,5 %, Europe 19,7 % and USA 8,7 %. The fastest growing markets were Indonesia with 6...
In 2022, EV sales in China reached 27%1 of total vehicles sold; in Europe, they made up just over 20%. And, in the US, EV sales increased to more than 7% of all vehicle sales.2 Surprisingly, this demand for EVs comes despite huge turmoil in supply chains, record prices for battery...
In emerging EV markets, growth is taking off. Sales in India, Thailand, and Indonesia have doubled since 2021. EV sales are expected to increase to 14 million this year, though sales in the first quarter have already been a disappointing 2.3 million units, up only 35 percent compared to l...
Indonesia is not an easy market to do business on your own," said Kim, adding that, beyond government sales, VKTR was in talks with large domestic businesses to sell BYD EV buses. Sponsored Bank Accounts TAKING ON TESLA Thai EV buyers contributed 24% of BYD's oversea...
Inemerging EVmarkets, growthis taking off.Sales in India, Thailand, and Indonesiahave doubled since 2021. EV salesare expected toincrease to 14 million this year, though sales in the first quarter have alreadybeen a disappointing2.3 million units,up only35 percent compared to last year. ...
exemption from import tax for EVs until the end of 2025, and a significant reduction of value-added tax (VAT) for EV buyers to 1% from 11% for 2024. This extension of a tax break, which expired at the end of 2023, reflects Indonesia's commitment to fostering a conducive...
The Indonesian electric vehicle market is still in its infancy, with relatively low sales and a penetration rate below the Association of Southeastern Asian Nations (ASAN) average. Data show that 8,209 electric vehicles were sold in Indonesia in the first eight months of 2023. Wuling and Hyundai...
Projections indicate that the Indian EV market, valued atUS$2 billion in 2023could surge to US$7.09 billion by 2025. Industry estimates also forecast the domestic EV market to achieve 10 million annual sales by 2030. In this market brief, we discuss some of the moves underway, ...
General Manager of BYD Asia-Pacific Auto Sales Division Liu Xueliang speaks during BYD grand launch in Jakarta, Indonesia, Jan. 18, 2024. China's BYD, a global leader in the sale of pure electric vehicles (EV), launched three new electric passenger cars, SEAL, Atto 3, and Dolphin, in ...