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Only fraction of RI motorbike fleet seen to be electric by 2030
Electric motorcycle sales almost tripled from 2021 to 2022, but even with the significant improvement, only a fraction of Indonesia's conventional motorcycles could be replaced by electric ones over the coming years, analysts say.
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Indonesia is expected to see annual motorcycle sales rise from a little over 5 million last year to 6.4 million by 2030, 1.9 million of which could be electric ones, according to a report by global management consulting firm McKinsey & Company. (JP/-)
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lectric motorcycle sales almost tripled from 2021 to 2022, but even with this significant improvement, only a fraction of Indonesia's conventional motorcycles could be replaced by electric ones over the coming years, analysts say.
One of the world’s largest motorcycle markets, Indonesia is focusing on the more than 115 million motorcycles roaming the country’s roads as it presses ahead with efforts to electrify transportation.
Southeast Asia’s largest economy is expected to see annual motorcycle sales rise from a little over 5 million last year to 6.4 million by 2030, 1.9 million of which could be electric ones, according to a report by global management consulting firm McKinsey & Company.
However, the high upfront costs and limited driving range of electric motorbikes, among other things, remain barriers to realizing this potential.
Putra Adhiguna, an energy analyst at the Institute of Energy Economics and Financial Analysis (IEEFA), said electric motorcycle sales had risen 191 percent from around 12,000 units in 2021 to 35,000 last year.
Yet Indonesia would need a continuous annual growth rate of 60 to 70 percent each year until 2030 to get to 1.9 million electric motorcycle sales, he explained.
“This year and next year would be a testing period for the growth of Indonesia’s electric motorcycle adoption rate,” he told The Jakarta Post on Wednesday, declining to provide a numerical estimate because of the “dynamic situation” in the market.
