Indonesia Electric Vehicle Market Outlook (2020-2025) | Size & 6Wresearch
Indonesia Electric Vehicle Market Synopsis The 2-wheeler, 3-wheeler, and 4-wheeler electric vehicle market are expected to take a hit amid the Covid-19 pandemic in 2020 while the electric bus market is likely to remain relatively resilient. Moreover, manufacturing is suffering from both declines in output via ‘supply shock’ as well as ‘demand shock.’ A rapid revival of the Indonesia electric vehicle market is anticipated from 2021 onwards. According to 6Wresearch, Indonesia electric vehicle market size grew at a CAGR of 18.9% from 2020-2025. Indonesia electric vehicle (EV) market is expected to register significant growth, due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving the demand for electric vehicles in Indonesia. Key Highlights of the Report Indonesia Electric Vehicle Market Overview Indonesia Electric Vehicle Market Outlook Indonesia Electric Vehicle Market Forecast Market Drivers and...