Indonesia bringing in incentives for EVs: "According to a report...

Indonesia bringing in incentives for EVs:
"According to a report by Reuters, the new rules, released on Tuesday evening, “will remove luxury tax on EVs for the 2024 fiscal year and import tax until the end of 2025.” The rules will also lower value-added tax from 11 percent to just 1 percent for EV buyers this year, extending a tax break that had expired at the end of last year. The incentives are aimed at stimulating domestic demand for EVs by closing the purchase price gap between EVs and conventional vehicles. This, the government hopes, will incentivize foreign investment in local EV production facilities. Indonesia’s aims are ambitious: President Joko Widodo has set a target of having EVs make up 20 percent of all car sales by 2025, and the Indonesian government aims for 600,000 EVs to be domestically produced by 2030, more than the total number of cars (505,985) that were sold in the first half of this year."
(Indonesia Announces New Tax Incentives to Encourage EV Sales – The Diplomat)

Asian countries banning ICE vehicles:

(Capturing growth in Asia’s emerging EV ecosystem | McKinsey)