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Investor Presentaiton

Road Transport Opportunities for early adoption of EVs arise in remote areas, but a lack of reliable electricity supply may hinder their realization E2W in Agats (unit) 4,000 3,000 2,000 Number of E2W in Agats, Asmat, South Papua 1,000 400 1 2006 2013 1,280 E2W adoption drivers in remote areas 4,000 Fuel (operation) Lack of supply and expensive petroleum fuel Infrastructure SPLU (Stasiun Pengisian Listrik Umum) as an E2W charging station (~IDR 5,000 per charge). 2018 2022 Sources: GNFI (2022), Detik (2019), Bisnis (2018), Kumparan (2022) (Notes: The number of E2W in Agats was excluded from the E2W on the road data) Incentives Have no tax and license plate Others • *local government determined as parking retribution (membership per year) . • Lighter than ICE and appropriate for plank road (contextual with road condition) No noise Non-flammable • While EV adoption is generally perceived as costly with little performance benefits, there are cases where EVs are preferred by consumers due to their advantages compared to ICEV. In Agats, a remote district in Asmat, South Papua, more than 4,000 E2Ws have been organically adopted by consumers since 2006. The main reason for widespread adoption is the limited access and high cost of gasoline, making E2W a more economical alternative. In addition, there are other factors supporting the successful penetration of EVs, such as the availability of charging infrastructure and government policies to exempt EVs from taxes and license plate requirement. • The case in Agats could serve as an example of EV's potential to replace ICEV in remote areas where access to fuel is limited. However, a lack of reliable electricity access could inhibit EV adoption in those areas. The case also highlights the potential to reduce the policy costs associated with maintaining uniform fuel prices and redirect those resources to ensure reliable electricity access in remote areas. Indonesia Electric Vehicle Outlook 2023 18
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