Investor Presentaiton

EV support policies at the sub-national level are growing, with DKI Jakarta and Bali remaining the leading provinces Subnational Policy Sub-national EV policy Fiscal policy Non-fiscal policy Sub-national BBNKB (vehicle title transfer fee) discount Bus electrification Odd-even traffic exemption EV zones/sites SPKLU obligation for Government official buildings vehicle DKI Jakarta Bali Surabaya Bandung Medan Sources: IESR analysis Legalized Proposed Indonesia Electric Vehicle Outlook 2023 • Fiscal incentive in the form of BBNKB discount is the most common policy adopted by sub-national governments to promote EV adoption following the issuance of MOHA Ministerial Regulation No. 1/2021. Each province has a different tax reduction rate; 30% in Central Java, West Nusa Tenggara, East Kalimantan, and Special Region of Yogyakarta, 10% in Bali, Banten, and East Java, unspecified in South Sulawesi, and 10% for E4W and 2.5% for E2W in West Java. • DKI Jakarta has implemented a number of additional non-fiscal regulations. Currently, through Transjakarta, the province operates more than 30 units of E-bus, accounting for almost half of the total E-buses in Indonesia. Jakarta is looking to add another 300 units by 2023 and has signed a MoU to retrofit hundreds of ICEV buses into E-buses. Other cities such as Bandung, Surabaya, and Medan are becoming pilot regions for bus rapid transport (BRT) electrification. On top of that, starting 2023, Bandung and Surabaya will also receive 30 units of E-bus that were used in G20 events. MoT will manage the e-bus allocation by using the buy-the-service (BTS) mechanism. 23 223

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