Jakarta, Sept. 16 -- The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.

Under the current policy, CBU BEVs will still be exempt from import duties and luxury goods sales tax until the end of 2025, provided that manufacturers commit to producing the same number of vehicles domestically as they import.

Minister of Industry Agus Gumiwang Kartasasmita said that it will no longer issue import permits for CBU BEVs under the investment scheme to receive incentives.

Director General of the Metal, Machinery, Transport and Electronics Industry (ILMATE) Setia Diarta also affirmed that companies currently benefiting from the scheme must s...