#Indonesia is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment, said Septian Hario Seto, a senior official with the investment coordinating ministry. (Reuters)
Jokowi is confident Tesla will finalize a deal to invest in a production facility in Indonesia, having offered the U.S. car maker incentives ranging from tax breaks to a concession to mine nickel.
reuters.com
reuters.com
Tesla currently manufactures EVs in four locations: Fremont, California; Shanghai, China; Austin, Texas and outside Berlin.
Analysts estimate Tesla would need to build seven or eight more “gigafactories” to meet Musk’s target of selling 20 million electric vehicles by 2030.
Analysts estimate Tesla would need to build seven or eight more “gigafactories” to meet Musk’s target of selling 20 million electric vehicles by 2030.
In addition to Indonesia, South Korea, Canada and Mexico have been vying for Tesla to invest in manufacturing.
A spokesman for Mexico’s president said on Tuesday that Tesla was considering setting up an assembly plant near a new Mexico City airport.
A spokesman for Mexico’s president said on Tuesday that Tesla was considering setting up an assembly plant near a new Mexico City airport.
Jokowi banned the export of nickel ore in 2020, which in turn brought in big investments in nickel smelting, but has also been challenged at the WTO by the EU... unfairly harming its stainless steel industry.
The WTO last year ruled in the EU's favor but Indonesia is appealing.
The WTO last year ruled in the EU's favor but Indonesia is appealing.
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