Minister Calls for Investment in EV Ecosystem

According to reporting from Tempo, Indonesia’s Minister of Investment and Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia, has called upon global companies specializing in software certification and testing to establish battery testing facilities to support the development of the electric vehicle (EV) ecosystem in Indonesia.

The request was made during a meeting with Todd Denison, the International President of UL Solutions, in the United States on Monday, June 26, 2023, say Tempo.

According to Bahlil, the demand for electric vehicles in the country is expected to increase over time. The Indonesian government aims to prioritize the safety and security of electric vehicles for their users.

“In addition, the creation of this battery EV ecosystem is also crucial for reducing carbon emissions on Earth,” Bahlil stated in a written statement in Jakarta on Wednesday, June 28, 2023.

Tempo report that the government hoped to collaborate with UL Solutions to create a secure and safe electric vehicle ecosystem for its users. Todd Denison, the International President of UL Solutions, mentioned that the potential for developing an electric vehicle ecosystem in Indonesia is promising and is comparable to the United States, where there is a commitment to clean energy usage and emission reduction mandates.

“We support the security of new innovations such as battery EV technology. Currently, the battery testing facilities in Asia are only available in China. We will further assess the potential to establish battery testing facilities in Indonesia,” Todd said.

The Indonesian government, through the Ministry of Investment and BKPM, continues to promote the creation of an electric vehicle battery ecosystem by facilitating business permits for investors interested in investing in the electric vehicle battery sector in Indonesia, say Tempo.

The Minister of Investment believes that technological advancements must be accompanied by safety measures for users. This meeting is expected to lead to more serious discussions regarding the cooperation between the Indonesian government and UL Solutions.

From 2018 to the first quarter of 2023, the United States has made investments in Indonesia amounting to USD 9.4-billion, say Tempo, adding that American investments in the primary sector were predominantly in mining, accounting for 74-percent, while the remaining 26-percent was distributed among secondary and tertiary sectors such as other services, electricity, gas, and water utilities, chemicals and pharmaceuticals, food industry, hotels, and restaurants.

Source: Tempo

Photo by Sophie Jonas on Unsplash

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