Indonesia LEV Market Outlook to 2026F – Driven by the Indonesian Government’s policies, incentives and subsidies to make the country free emission by 2060

About the Report

About the Report

The report titled Indonesia LEV Market Outlook to 2026F” provides a comprehensive analysis of the potential of the Light Electric Vehicle industry in Indonesia. The report covers various aspects including the current LEV Scenario and manufacturing infrastructure status in Indonesia, revenue generated from LEVs, its segmentations viz Engine Capacity, Battery Type (Removable vs Unremovable), End User (Private vs Commercial), by Commercial End User, by Geographic Distribution, major trends and developments, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

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Indonesia Light Electric Vehicle Market

Indonesia is the world's fourth most populous nation and 10th largest economy in terms of purchasing power parity. The LEV space of Indonesia is highly dominated by the two-wheeler segment, as the country’s two-wheeler population is extremely large. Being a low-middle class dominated country leading to affordability issues, it results in a high demand for two-wheelers.

Indonesia Light Electric Vehicle Market Segmentation

By Type of Vehicle (2-Wheeler vs. 3-Wheeler): Indonesia is dominated by the low-middle class sections where people look for pocket friendly & low maintenance vehicles leading to a higher demand for 2W

By Type of 2-Wheeler (Scooters/Mopeds vs E-Cycles): The electric 2W’s have are slowly penetrating in the market where the current penetration is at very low level, however it is anticipated to grow significantly in the near future.

By Maximum Speed: The Indonesian market as compared to the other ASEAN countries is working on a different trend, other ASEAN countries have a much higher dominance of lower speed vehicles, whereas in Indonesia, the market is currently dominated by vehicles majorly in the range of 60-70 Km/h speed for greater mileage.

By Engine Capacity: Engine capacity of 30-70 kW vehicles are preferred as more powerful engines are likely to be able to accelerate faster and tow heavier loads. With more powerful and bigger engines, cars usually cost more and are expensive to maintain.  Hence, sale of vehicles above a certain engine capacity are very low. 

By Battery Type (Unremovable vs Removable): Removable batteries are the most commonly used batteries in the country due to its convenience as compared to the unremovable batteries. Indonesians majorly prefer them as detachable batteries can be easily swapped and use normal portable charging where they can be charged anywhere.

By End User (Commercial vs Private): Commercial Users have dominated the market asmany individuals and organizations/ companies are moving toward sustainability where the country is initiating to get to zero emission country in its energy sector by 2050. Hence, many have started to convert their fleets to greener alternatives with added tax incentives by the government.

By Commercial End User: The government is playing a vital role providing strong support and numerous benefits to companies striving towards achieving emission free country by giving tax benefits, subsidies on purchase of zero emission fleets, investments into the EV space which are driving the market.

By Region: In 2021, there was a large number of international visitor arrivals in the country. With Java and Jakarta being the hubs for tourism, many tourists take 2W on lease for commuting purpose. The country is working towards new and greener provinces with low penetration of EV vehicles and hence there are less vehicles in regions like Kalimantan, Sumatra and others.

Indonesia Light Electric Vehicle Market Competition

The market is moderately fragmented with presence of major private and public manufacturers in various potential locations across Indonesia. Different types of LEVs are available in the Indonesian Market, differentiated on the basis of being 2 or 3 wheelers, their top speed and engine capacity. While Gesits stands out in the race, other companies such as Viar, Volta, Selis etc., are also the key players in the market. To be price competitive and reduce the risk that comes from the mere sale of energy, CPOs may need to explore partnerships and adjacent offerings.

Indonesia Light Electric Vehicle Market Future Outlook and Projections

Indonesia is one of the largest countries in the world. With fast economic growth and rapid urbanization in Indonesia, it is projected that more people will acquire a personal vehicle for mobility. The growing trend to live environmentally conscious in Indonesia’s middle affluent class are likely to uptake the EV sales in future. Despite growing development of public transport infrastructure, ownership of personal transportation mode is still favored by most Indonesians due to its flexibility, convenience and symbol of economic status. In an effort to encourage Indonesia to become a major player in EV industry, the government created an EV ecosystem by involving stakeholders consisting of producers, battery producers, pilot projects and infrastructure such as charging stations and pilot projects showing great potential for the industry in future. With time and good infrastructure development, the unremovable charging methods are anticipated to gain popularity in the country, despite the dominance by the removable type due to its tighter design.

Key Segments Covered in Indonesia LEV Market: -

 By Type of Vehicle

  • 2-Wheeler
  • 3-Wheeler

By Type of 2-Wheeler

  • Scooters/Mopeds/Bikes
  • E-Cycles

By Maximum Speed

  • 0-30 km/h
  • 30-60 km/h
  • 60+ km/h

By Engine Capacity

  • 0-30 kW
  • 30-70 kW
  • 70+ kW

By Battery Type

  • Unremovable Battery
  • Removable Battery

By End User

  • Commercial
  • Private

By Commercial End User

  • Grocery Delivery
  • Food Delivery
  • CEP Delivery
  • Others

By Region

  • Jakarta
  • Kalimantan
  • Java
  • Sumatra
  • Others

Key Target Audience

  • EV Manufacturers, Dealers & Distributors
  • LEV Manufacturers
  • LEV Dealers/Distributors
  • Fleet Aggregators
  • Government Agencies
  • Automobile Consultants
  • Multiple Unit Dwellings and Transport Infrastructure

Time Period Captured in the Report:

  • Historical Period: 2017- 2021
  • Forecast Period: 2021-2026F

Companies Covered: -

  • Gesits
  • Viar
  • Volta
  • Selis
  • Polygon
  • United Bike
  • Gelis
  • Tomara
  • NIU Technologies

Key Topics Covered in the Report: -

  • Indonesia Country Profile and Population Analysis
  • Value Chain Analysis of LEV Market
  • Indonesia LEV Market Size and Segmentations
  • Growth Drivers of Indonesia LEV Market
  • SWOT Analysis of Indonesia LEV Market
  • Government Strategic Plans to accelerate growth of EVs
  • Government Initiatives and Regulations in Indonesia LEV Market
  • Key Trends and Developments in Indonesia LEV Market
  • Key Stakeholders for EV Development in Indonesia
  • Issues and Challenges of Indonesia LEV Market
  • End User Analysis
  • Competitive Landscape and Cross Comparison of Major Players in Indonesia LEV Space
  • Market Opportunities and Potential for LEV Charging Manufacturers
  • Case Studies
  • Research Methodology
  • Appendix

Products

Products

Key Segments Covered in Indonesia LEV Market: -

 By Type of Vehicle

  • 2-Wheeler
  • 3-Wheeler

By Type of 2-Wheeler

  • Scooters/Mopeds/Bikes
  • E-Cycles

By Maximum Speed

  • 0-30 km/h
  • 30-60 km/h
  • 60+ km/h

By Engine Capacity

  • 0-30 kW
  • 30-70 kW
  • 70+ kW

By Battery Type

  • Unremovable Battery
  • Removable Battery

By End User

  • Commercial
  • Private

By Commercial End User

  • Grocery Delivery
  • Food Delivery
  • CEP Delivery
  • Others

By Region

  • Jakarta
  • Kalimantan
  • Java
  • Sumatra
  • Others

Key Target Audience

  • EV Manufacturers, Dealers & Distributors
  • LEV Manufacturers
  • LEV Dealers/Distributors
  • Fleet Aggregators
  • Government Agencies
  • Automobile Consultants
  • Multiple Unit Dwellings and Transport Infrastructure

Time Period Captured in the Report:

  • Historical Period: 2017- 2021
  • Forecast Period: 2021-2026F


Companies

Companies Covered: -

  • Gesits
  • Viar
  • Volta
  • Selis
  • Polygon
  • United Bike
  • Gelis
  • Tomara
  • NIU Technologies

Table of Contents

Table of Contents

1. Executive Summary

How is LEV market positioned in Indonesia?

2. Country Overview

Indonesia Country Profile

Indonesia Population Analysis

3. Overview of Automotive Industry in Indonesia

Automotive Landscape of Indonesia, 2021-2024F

Overview of the Indonesian EV Market

Comparative Analysis of Electric Mobility

4. Overview of LEV Market in Indonesia

Overview of EV Adoption in Indonesia: 2W, 3W, 4W

Charging Stations Infrastructure in Indonesia

 Ecosystem of Major Entities in EV Charging Equipment Market

Value Chain Analysis of LEV Market

5. Market Size of LEV in Indonesia

Indonesia LEV Market Size, 2017-2021

Growth Drivers of LEV Market Indonesia

6. Market Segmentation of LEV Market in Indonesia

Market Segmentation by Type of Vehicle, 2021

Market Segmentation by Type of 2 Wheelers, 2021

Market Segmentation by Maximum Speed, 2021

Market Segmentation by Engine Capacity, 2021

Market Segmentation by Battery Type, 2021

Market Segmentation by End User, 2021

Market Segmentation by Commercial End User, 2021

Market Segmentation by Region, 2021

7. Industry Analysis

SWOT Analysis

Governments Strategic Plans to accelerate EV

Government Regulations

Government Initiatives

Fiscal and Non- Fiscal Incentives

Trends and Developments

Key Stakeholders for EV Development in Indonesia

Battery Swapping

Technology Innovations in EV Charging

Issues and Challenges of LEV Market in Indonesia

8. Customer Analysis

End User Analysis

9. Competition Analysis

Competitive Landscape of LEV in Indonesia

Cross- Comparison of Major Players in Indonesia LEV Market

10. Future Outlook and Projections of LEV Market, 2021-2026F

Indonesia LEV Market Size, 2021-2026F

Market Segmentation by Type of Vehicle, 2026F

Market Segmentation by Type of 2 Wheelers, 2026F

Market Segmentation by Maximum Speed, 2026F

Market Segmentation by Engine Capacity, 2026F

Market Segmentation by Battery Type, 2026F

Market Segmentation by End User, 2026F

Market Segmentation by Commercial End User, 2026F

Market Segmentation by Region, 2026F

11. Analyst Recommendations

Potential for EV Charger Manufacturers in Indonesia

Market Opportunities for EV Charging Manufacturers

Indonesia Barriers and Opportunities for Electrification

Future Technology Investments for Online Grocery Platforms

Potential Product Options and Emerging Business Solutions

12. Case Study

Case Study of Ola (India)

Case Study of SmartE

Case Study of Jubilant FoodWorks

Case Study of Sun Mobillity

13. Research Methodology

Market Definitions

Abbreviations Used

Market Sizing Approach

Consolidated Research Approach

Sample Size Inclusion

Research Limitations and Future Conclusion

Disclaimer

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