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Investor Presentaiton

Electric Vehicle Benefits CO2 emissions per km of E2W and conventional 2W (average value within 40 thousand km operation) 91 -18% -24% 75 -52% 44 New 2W New E2W New E2W in 2030 E2W conversion Source: IESR analysis EVs already emit less GHGs than conventional vehicles, but more aggressive RE penetration is needed to decarbonize road transport • At the moment, EVs have lower emissions per km than ICEV counterparts. The source of electricity generated is an important factor in reducing emissions from EVs. With the current power generation mix (national average), electric two- wheelers (E2W) and electric four-wheelers (E4W) typically emit 18% and 25% less CO₂ per km over their lifetime than their ICEV counterparts. However, due to the lack of RE in PLN's electricity planning, by 2030, there will be only a further 6% and 8% reduction of emissions by E2W and E4W, assuming constant vehicle efficiency. • In conventional two-wheelers (2W) cases, well-to-wheel (WTW) emissions from vehicle operation (including fuel combustion and fuel production) account for around 60% of total CO2 emissions, while manufacturing accounts for the remaining 40%. In E2W, WTW emissions from operation (electricity production) are lower, while emissions from manufacturing increase due to battery production. Emissions from the manufacturing process could be significantly reduced by converting existing 2W to E2W, resulting in over 50% reduction of lifecycle emissions compared to 2W. • In conventional four-wheelers (4W) cases, the biggest contributor of emissions is vehicle operation (WTW). WTW emissions from 4W vehicle operation contribute to over 80% of total emissions. In E4W, WTW emissions are lower, but still account for around 70% of total CO2 emissions, followed by manufacturing process and battery production at around 20% and 10%, respectively. grco₂/km grCO2/km 100 75 50 25 300 200 100 CO₂ emissions per km of E4W and ICEV (average value within 200 thousand km operation) 252 -25% New 4W 188 -33% 169 New E4W New E4W in 2030 Fuel production Manufacturing production Vehicle operation Battery production Vehicle shipping Source: IESR analysis End life emission Indonesia Electric Vehicle Outlook 2023 13 133
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