Jakarta, May 6 -- Indonesia's Minister of Investment and Downstreaming Rosan Roeslani has said that the government will provide greater incentives to electric vehicle (EV) manufacturers with high domestic component levels (TKDN).

According to Roeslani, the higher the TKDN fulfilled by EV manufacturers, the greater the incentive they will get.

"So, the concept will be changed, with a higher TKDN, we will provide a greater incentive. So, we are going to take a more positive approach to TKDN going forward," the minister announced in Jakarta on Tuesday.

Currently, seven EV manufacturers have set up production facilities in Indonesia: VinFast, Volkswagen (VW), BYD, Citroen, AION, Maxus, and Geely.

The seven EV makers have invested a total ...