Indonesia’s federal government ideas to offer you a subsidy of extra than $5,000 on every single sale of an electrical auto, a minister said on Wednesday.

It will also offer incentives to stimulate buys of electric powered motorbikes as nicely as hybrid cars and trucks, Industry Minister Agus Gumiwang Kartasasmita claimed, as section of options to lessen carbon emissions in Southeast Asia’s most significant financial state.

The incentives will offered to potential buyers of EVs produced by companies with factories in Indonesia, he reported in a video statement.

A subsidy of all around 80 million rupiah ($5,131) will be supplied on every single sale of an electrical vehicle, 40 million rupiah on hybrid cars and 8 million rupiah on absolutely electric powered motorbikes, the minister said.

The government will also address 5 million rupiah of the price to change a combustion engine motorbike into an electric 1, he extra.

He did not supply a timeline for when the scheme will be implemented nor the overall funds it will require.

Senior Minister Luhut Pandjaitan explained formerly that the system may perhaps start off future calendar year.

Indonesia has a focus on of at minimum 1.2 million electric bikes and 35,000 electrical autos in use by 2024.

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