The popularity of electric vehicles in Indonesia is on the rise, but this trend does not necessarily reflect in the sales performance of electric cars in the country.
During a virtual press conference for PT Astra International Tbk’s 2024 Public Expose, Henry Tanoto, Director of PT Astra International Tbk, revealed that nearly 70 percent of Indonesia’s electrified vehicle market is dominated by hybrid cars.
“Electrification has indeed grown in the Indonesian market, from 6.6 percent last year to about 9.3 percent now, and nearly 70 percent of this 9.3 percent is hybrid,” he said.
Although the market for pure electric vehicles or Battery Electric Vehicles (BEVs) is also growing, Henry noted that public acceptance of hybrid cars is much stronger.
This is due to the advantages of hybrid vehicles, which, in addition to being fuel-efficient, do not require special infrastructure like BEVs, Henry explained.
Furthermore, Henry highlighted that these gasoline-electric combination vehicles are also low-emission and now have a high resale value in the market.
“In addition to better fuel consumption and lower emissions, their resale value is also quite good. In fact, some of our hybrid models have a better resale value than ICE (internal combustion engine, non-electrified) cars,” Henry added.
Henry, who is also the Vice President Director of PT Toyota-Astra Motor (TAM), disclosed that the market share for hybrid vehicles in Indonesia is also quite strong, reaching nearly 60 percent.
