ICYMI: Toyota has committed to investing 28.3 trillion rupiahs ($2B) to develop electric vehicles in Indonesia over the next four years:
well established in the country, with multiple production facilities and existing supply chains.
Consumers in Indonesia and the greater Southeast Asian region have shown interest in purchasing EVs.Toyota's EV facilities could provide easy access to a market with an appetite for the cars. A Nissan survey of EV attitudes in the region showed that over one-third of consumers in Singapore, Indonesia, Thailand, Malaysia, Vietnam, and the Philippines are open to buying an EV. Interest is even higher among Indonesian consumers.
Toyota is quickly closing in on the timeline for its ambitious EV goals, so the company is looking for ways to expedite its efforts. In 2017, Toyotaits goal of having EVs account for half of its auto sales by 2030 — it now aims to reach that level by 2025. s Toyota gears up to launch the first of its new lineup of EVs, a dedicated EV facility that provides access to a wealth of required natural resources could prove to boost its manufacturing plans and get more cars in the hands of drivers.
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