Indonesia is the largest nickel reserves globally, estimated at over 55 million metric tons—or 21 million metric tons based on stricter classifications. These vast nickel resources have positioned Indonesia to attract leading battery manufacturers by leveraging its strategic supply advantage.

Indonesia’s EV market is rapidly expanding, driven by strong policy incentives, manufacturing investments, and resource advantages. Indonesia’s electric vehicle (EV) market (including BEV, PHEV/Plug-in hybrid electric vehicle, and hybrid) is experiencing growth, with total EV sales rising by 43.4% compared to the same period in 2024 during the first quarter of 2025 (regarding to PwC Indonesia).

The government has set a goal to become the world’s third-largest electric battery manufacturer by 2027 and is aiming to produce 600,000 electric vehicles locally by 2030, with a target of having 2 million battery electric vehicles (BEVs) in operation by that year. Too support these goals, the government is implementing a range of iincentives, including tax breaks, subsidies, and regulatory support to attract investment and encourage domestic