ORE Chart, page-370

Indonesia is in the progress of building its infrastructure under President Jokowi term. His gov also announced this week to impose a ZERO import duty for electric vehicles. Considering a number of motor vehicles and cars on the road every single day, this is a game changer for automotive industries who want to invest EV in Indonesia. In addition, Indonesia wish to be one of the key players in EV as they have key resources for ev batteries. Nevertheless, we need to see if Jokowi will win this election term in April.