Rupiah Weakness Drives Up Import Costs for Electric Truck and Bus Raw Materials

The impact of global uncertainty, which has driven the depreciation of the rupiah exchange rate, is now being felt by domestic electric vehicle producers. CEO of PT Mobil Anak Bangsa Indonesia, Kelik Irwantono, stated that 50-60% of electric vehicle (EV) components in Indonesia are still imported. Consequently, when the rupiah weakens, production costs rise by up to 20%, putting pressure on purchasing power. On the other hand, the expanding energy transition programme, which now reaches the mining and logistics sectors, presents a potential opportunity for EV business expansion. However, with the current economic pressures and rising raw material costs, EV producers are also finding it difficult to increase selling prices.