Jakarta, May 5 -- Indonesia's success in maintaining economic resilience and growth and political stability amidst the complexity of the global economic environment has enabled the country so potentially to develop its electric vehicle (EV) industry, a cabinet member said.

The fact of successfully conducting peaceful general elections and transition process of government without significant turmoil could become the right momentum for EV companies to develop their businesses in Indonesia, Deputy Trade Minister Jerry Sambuaga said.

Sambuaga further conveyed in a statement that his office issued here Sunday that Indonesia managed to record a trade balance surplus of US$4.47 billion in March 2024. This surplus has been maintained for 47 con...