Electric Motorcycle Sales Surge Sixfold Following Fuel Price Hike in Indonesia
PT Indomobil eMotor Internasional has stated that sales of its electric motorcycles have experienced a significant increase following the rise in fuel prices. The sales surge also aligns with growing public interest in switching from petrol-powered vehicles to electric ones.
Although the company has not yet disclosed total sales figures, CEO Pius Wirawan said the firm recorded a sales increase of around three to four times compared to the previous period. “Especially after the recent fuel price hike, we saw our sales rise about three to four times,” Pius said after the launch of its newest electric motorcycle, the Tyranno X, at the Jakarta Fair, JIExpo Kemayoran, Jakarta, on Saturday.
According to him, this trend is also reflected in the increased trade-in activity of conventional motorcycles for electric ones. Pius said the company received information from several used motorcycle showrooms that are now experiencing a surge in supply of used vehicles because many consumers are trading in their motorcycles to switch to electric ones. “We are even anticipating information from friends at used motorcycle showrooms that these used motorcycles are now somewhat flooding the showrooms because so many people are trying to trade them in for electric motorcycles,” he added.
He assessed that the fuel price increase is one of the factors encouraging the public to start considering the long-term operational costs of vehicles. Under these conditions, electric motorcycles are seen as an alternative to reduce daily expenses.
Pius also believes public awareness of the benefits of electric motorcycles will continue to grow. According to him, as more people understand electric motorcycles as a more efficient mobility solution, the trend of shifting from petrol-powered vehicles has the potential to increase further. “Because not many people are aware of electric motorcycles yet. Once everyone is aware that electric motorcycles are the solution, most petrol motorcycles will be traded in, and demand for electric motorcycles will rise while demand for petrol motorcycles will decrease,” he said.
Pius added that the company continues to monitor the development of the national electric vehicle market, which he believes still has significant room for growth in the coming years.