Jakarta, Jan. 31 -- Indonesia's electric vehicle market has grown rapidly since the government introduced incentives under Presidential Regulation No. 79 of 2023, boosting sales, attracting manufacturers, and expanding consumer choice, a senior coordinating ministry official said.

"From the end of 2023 through the end of 2025, the market increased from about 17,000 units to roughly 103,000 units," said M. Rachmat Kaimuddin during an industry discussion in Jakarta on Friday.

The gains extend beyond sales. Since the regulation took effect, global and regional automakers have accelerated investment plans, encouraged by clearer rules and rising demand in Southeast Asia's largest economy.

Before the policy, only two manufacturers operated i...