JAKARTA: Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles , a senior minister said on Tuesday , adding the government is still in talks with major companies like Tesla and BYD.
Indonesia, the largest economy in Southeast Asia, has been trying to attract EV makers to invest in the country, enticing them with its rich nickel reserves - the world's biggest - which can be processed into EV batteries. "Tomorrow we are going to finalise incentives that we are going to give to any EV investment in Indonesia," Luhut said, adding they were awaiting President Joko Widodo's approval.
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