To ensure connectivity for the electric vehicle industry in the region, ASEAN countries can imitate the concept of incentive policies such as the United States' Inflation Reduction Act (IRA).
The following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in
Head of the Center for Trade Industry and Investment at the Institute for Development of Economics and Finance , Andry Satrio Nugroho, believes that this commitment is at risk of being ineffective if it only ends in the form of a conceptual agreement, without being accompanied by concrete policies in each Southeast Asian country to ensure upstream-downstream industrial connectivity in the region.
For example, manufacturers receive tax incentives if the electric cars they sell in Indonesia use components originating from Indonesia or ASEAN and partner countries. This policy can prevent Indonesia and ASEAN from simply becoming market countries or distribution channels for electric vehicles assembled in other countries outside the region.
This policy scheme can also balance ASEAN's efforts which are trying to lobby the US not to exclude ASEAN countries in their IRA incentive schemes and green industry supply chains. ASEAN negotiations to be involved in the IRA were also one of the issues discussed during the ASEAN Summit. While other countries like Thailand and Malaysia may be able to fill the downstream supply chain or assembly of vehicles."We just focus on the upstream side according to our comparative advantages. The added value of electric batteries in the EV industry, can reach up to 50 percent, so our role is already significant just by being a battery producer," he said.Electric cars pass along Jalan Jenderal Sudirman, Jakarta, Friday .
Minister of State-Owned Enterprises , Erick Thohir, stated that Indonesia is open to building a stronger supply chain with ASEAN countries and other Indo-Pacific nations. Indonesia will not differentiate based on country of origin and already has its own advantage as a supplier of electric batteries.
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