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Why Indonesia is courting Tesla chief Elon Musk to invest in the country

To attract the investment needed to become an EV manufacturing hub, experts say the nation must avoid repeating environmental mistakes from the past

Indonesia s electric vehicle ambitions hinge on green mining drive

With the world's largest reserves of nickel, used extensively in making batteries, Indonesia is aiming to become an electric vehicle powerhouse, not least by courting Tesla CEO Elon Musk.

ANALYSIS-Indonesia s electric vehicle ambitions hinge on green mining drive

"The Indonesian government must immediately strengthen their environmental safeguards so similar problems won't arise from nickel mining." Electric vehicle production and sales are surging globally, with the sector seen as key in the drive to curb climate change by cutting emissions from petrol and diesel, reduce oil imports and fuel subsidies, and support investment in renewable energy. But in Southeast Asia, EVs accounted for less than 2% of sales in 2022, according to consultancy firm McKinsey & Company, and governments are introducing incentives for auto and battery makers, tax breaks for buyers, and setting ambitious targets to become EV manufacturing hubs.

Indonesia s electric vehicle ambitions hinge on green mining drive

Indonesia s electric vehicle ambitions hinge on green mining drive
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