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View all search resultsAs the global electric vehicle (EV) industry continues its inexorable, rapid growth, we spoke to Noor Adhami, Global Head of International Banking at HSBC on her views about the unique and dominant role Indonesia plays in this sector and HSBC’s commitment to support companies wanting to not just tap into this sector but also into the broader growth opportunities Indonesia offers.
The investment and mining undersecretary told reporters on Thursday that a foreign EV company would break ground on a local factory "in the second or third quarter” this year, but declined to name the company due to ongoing talks.
The mention of “greenflation” at the last election debate highlights the need for leaders to move beyond buzzwords to address the core issues through a more profound, comprehensive approach to climate change with a focus on multi-solving and inclusivity.
The Indonesian government has major work ahead for its electric vehicle (EV) ambitions as fewer than 1,000 units of fuel-based motorcycles were converted to electric ones in 2023, falling far short of the 50,000-unit target. For 2024, a more ambitious target of 150,000 units has been set, a feat the government hopes to achieve through a multitude of approaches. Concurrently, the government appears to be prioritizing investments from foreign carmakers to boost the domestic adoption of electric cars.
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