Electric Vehicle Sales Outlook Amid Soaring Oil Prices
Indonesia's electric vehicle market is set to grow significantly in 2026 due to rising oil prices from Middle East tensions, with sales projected to increase by 35-50%.
(Bisnis.Com) 01/01/70 07:00 176192
Bisnis.com, JAKARTA – Indonesia’s battery electric vehicle (BEV) market is expected to sustain robust growth in 2026, as escalating geopolitical tensions in the Middle East fuel a sharp rise in global oil prices.
Yannes Martinus Pasaribu, an automotive expert and academic at the Bandung Institute of Technology (ITB), said that in a volatile global economic climate, upper-middle-class consumers are responding rationally by shifting to electric vehicles to curb operating expenses.
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