Indonesia LEV Market, Industry Growth and Analysis, Market

Indonesia LEV Market, Industry Growth and Analysis, Market

How is the LEV market positioned in Indonesia?

Indonesia is the fourth most populous nation in the world and the tenth largest economy in terms of purchasing power parity. Indonesia’s LEV space is heavily dominated by the two-wheeler segment as the country’s two-wheeler population is extremely large. Being a lower-middle-class dominated country, which creates affordability issues, leads to high demand for two-wheelers.

The market is moderately fragmented with the presence of large private and public manufacturers in various potential locations across Indonesia. Different types of LEVs are available in the Indonesian market, differentiated according to 2 or 3 wheel vehicles, their maximum speed and engine power. While Gesits stands out in the race, other companies like Viar, Volta, and Selis are also major players in the market. To be price-competitive and reduce the risk that comes from simply selling energy, CPOs may need to explore partnerships and adjacent offerings.

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With the rapid economic growth and rapid urbanization in Indonesia, it is predicted that more people will acquire a personal vehicle for mobility. Despite the increasing development of public transport infrastructure, owning a personal transport is still preferred by most Indonesians due to its flexibility, convenience and economic status. In order to encourage Indonesia to become a major player in the EV industry, the government created an EV ecosystem by involving stakeholders consisting of manufacturers, battery manufacturers, pilot projects and infrastructure such as charging stations and pilot projects that have great potential for the show industry in the future. With time and good infrastructure development, the non-detachable loading methods are expected to gain popularity in the country, despite the dominance of the detachable type due to its narrower design.

Indonesia LEV Market Overview and Segmentation

Indonesian LEV Market has been growing at a CAGR of ~% CAGR with accelerating growth rate during 2017-2021, aided by growing population and rise of middle affluent class, opportunism for private vehicle ownership, tax incentives, availability of natural resources , relatively cheaper electricity costs and more.

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By vehicle type (2-wheel vs. 3-wheel): Indonesia is dominated by the lower-middle segment where people are looking for pocket-friendly and low-maintenance vehicles, resulting in higher demand for 2W.

By type of two-wheeler (scooters/mopeds vs. e-bikes): The e-bikes are part of the luxury segment and therefore would not grow as much as the general electric two-wheelers.

By Maximum Speed: Compared to the other ASEAN countries, the Indonesian market is working on a different trend. Other ASEAN countries have a much stronger dominance of lower speed vehicles, while in Indonesia the market is currently mainly dominated by vehicles in the higher speed range for greater mileage.

By Engine Power: Vehicles with a certain engine power are preferred, as more powerful engines are likely to be able to accelerate faster and tow heavier loads. With more powerful and larger engines, cars usually cost more and are more expensive to maintain. As a result, sales of vehicles above a certain cubic capacity are very low.

By battery type (non-removable vs. removable): Removable batteries are the most commonly used batteries in the country as they are more convenient compared to non-removable batteries. Indonesians mainly prefer them as detachable batteries can be easily swapped out and use normal portable chargers where they can be charged anywhere.

By end-user (commercial vs. residential): Many individuals and organizations/companies are moving towards sustainability, with the country starting to become a zero-emissions country in its energy sector by 2050. As a result, many have started to switch their fleets to greener alternatives.

From commercial end-users: The government plays a crucial role, providing strong support and numerous benefits to companies aiming for a zero-emission country, providing tax breaks, subsidies on zero-emission fleet purchases, and investments in the EV space that drive the market forward.

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By region: In 2021 there were a large number of international visitor arrivals in the country. Since Java and Jakarta are the hubs for tourism, many tourists rent 2W for commuting. The country is working towards new and greener provinces with low EV penetration and hence there are fewer vehicles in regions like Kalimantan, Sumatra and others.

Competition in the light electric vehicle market in Indonesia

The market is moderately fragmented with the presence of large private and public manufacturers in various potential locations across Indonesia. Different types of LEVs are available in the Indonesian market, differentiated according to 2 or 3 wheel vehicles, their maximum speed and engine power. While Gesits stands out in the race, other companies like Viar, Volta, Selis, etc. are also the main players in the market. To be price-competitive and reduce the risk that comes from simply selling energy, CPOs may need to explore partnerships and adjacent offerings.

Future prospects and forecasts for the Indonesian LEV market

Indonesia is one of the largest countries in the world. With the rapid economic growth and rapid urbanization in Indonesia, it is predicted that more people will acquire a personal vehicle for mobility. The increasing trend towards green living in Indonesia’s middle affluent class is likely to boost EV sales in the future. Despite the increasing development of public transport infrastructure, owning a personal transport is still preferred by most Indonesians due to its flexibility, convenience and economic status. In order to encourage Indonesia to become a major player in the EV industry, the government created an EV ecosystem by involving stakeholders consisting of manufacturers, battery manufacturers, pilot projects and infrastructure such as charging stations and pilot projects that have great potential for the show industry in the future. With time and good infrastructure development, the non-detachable loading methods are expected to gain popularity in the country, despite the dominance of the detachable type due to its narrower design.

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Key Segments Covered in Indonesia Light Electric Vehicle Market:-

By vehicle type

2 wheel

3 wheel

After 2 wheel type

Scooters/Mopeds/Bikes

E cycles

After top speed

0-30km/h

30-60km/h

60+ km/h

According to engine power

0-30kW

30-70kW

70+kW

By battery type

Non-removable battery

Removable battery

By end users

Commercially

Private

By Commercial End User

grocery delivery

Grocery Delivery Service

CEP delivery

Other

By region

jakarta

Kalimantan

Java

Sumatra

Other

Important target group

LEV manufacturer

LEV dealers/distributors

fleet aggregators

Government authorities

automotive consultant

Apartment buildings and transport infrastructure

Period covered in the report:-

Historical period: 2016-2021

Forecast period: 2021-2026

Covered Companies:-

total

Viar

Volta

Selis

polygon

United bike

gelis

Tomara

NIU Technologies

ECGO

Kymco

For more information on the research report, please visit the following link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-lev-market-outlook-to-2026/588870-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/future-potential-market-of-last-mile-levs-in-ksa/412167-100.html

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