Finance Minister Purbaya Meets Industry Minister to Discuss Electric Vehicle Incentives

The Ministry of Industry (Kemenperin) and the Ministry of Finance discussed strengthening industrial incentive policies, including those for electric vehicles.

The discussion took place during a meeting between Industry Minister Agus Gumiwang Kartasasmita and Finance Minister Purbaya Yudhi Sadewa in Jakarta on Tuesday (5/5/2026).

One of the main focuses was electric vehicle incentives, which are considered increasingly important, not only to support emission reductions but also to curb oil fuel (BBM) consumption and the government’s subsidy burden.

“No less important, this policy must be able to strengthen the domestic industry and protect our workforce,” Agus continued.

The meeting also discussed various challenges faced by industrial players in the field, while formulating strategic steps to accelerate national manufacturing growth.

“We dissect various obstacles that may be faced in the field by industrial business players, then find solutions,” said Agus.

“We also give appreciation from the start that the Finance Minister has opened and channelled various problems faced by business players, including through the formation of a debottlenecking team,” Agus stated.

This step is considered important because the manufacturing sector remains the main pillar of national economic growth.

“In essence, we discussed various policies and steps that need to be taken by the government, both as stimuli and incentives, so that manufacturing growth, which supports economic growth, can run better and faster,” said Agus.

In addition, Agus highlighted the significant contribution of the manufacturing sector to national exports.

“We want to increase that achievement. However, it must be understood that Indonesia’s manufacturing structure differs from other countries such as Vietnam, Thailand, or Malaysia,” Agus said.

“So far, about 80 percent of our manufacturing output is absorbed by the domestic market, while about 20 percent is exported,” he explained.

Therefore, the government is striving to boost exports without reducing the strength of the domestic market, while still protecting the domestic industry and opening expansion opportunities to global markets.