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Indonesia’s Electric Vehicle Battery Sector Set to Slash Oil Imports

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Indonesia’s Electric Vehicle Battery Sector Set to Slash Oil Imports
Electric Vehicle (Photo: Illustration)

Jakarta, Timerilis.com – Toto Nugroho, the CEO of Indonesia Battery Corporation (IBC), has shared exciting news about the electric vehicle battery industry’s future. He discussed these developments at a meeting with the Indonesian House of Representatives’ 7th Commission.

By 2026, the industry plans to cut oil imports by around 30 million barrels. Also, IBC is working on boosting its battery production to 60 GWh. This increase will support 600,000 electric cars and numerous electric motorcycles.

Furthermore, the industry’s growth will likely reduce CO2 emissions by about 9 million tons each year. This reduction represents nearly 8% of the total vehicle emissions in Indonesia.

In 2024, IBC will partner with Hyundai Motor Company and LG Energy Solution. Together, they aim to develop 10 GWh of batteries for vehicles.

Additionally, IBC is focusing on increasing the renewable energy mix to 13%. They are also planning to set up 5,000 EV charging stations by next year.

Looking ahead to 2034, IBC’s goal is to produce 50 GWh of batteries. This production is crucial for Indonesia’s transition to cleaner, renewable energy.

IBC is collaborating with PT Antam to oversee the entire battery production chain. This collaboration covers everything from mining to the final product.

These efforts are part of a larger plan. Indonesia is striving for zero carbon emissions and aims to utilize energy storage systems of up to 3.5 GWh by 2030.