Indonesia’s EV Adoption Threatened as Resale Value Plummets

Indonesia’s EV Adoption Threatened as Resale Value Plummets

The government and business players will need to partner up in order to revive the used car market.

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Rizqi Rajendra - Bisnis.com

Rabu, 5 Maret 2025 | 11:47

Bisnis.com, JAKARTA — The significant drop in second-hand battery electric vehicles (BEV) in the used car market signals a hurdle in Indonesia’s electrification push, supposing that resale value is a key consideration for prospective EV buyers.

Rachmat Kaimuddin, undersecretary at the Coordinating Infrastructure and Regional Development Ministry, said a market maker is needed to establish a resale market for BEVs. He believes that in turn, EV infrastructure will follow as long as there is a market for it, especially as new EV brands enter the Indonesian market.

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