Bandung (ANTARA) – Bank Indonesia’s (BI’s) West Java Representative Office mentioned that the Province has a very high potential to become the first Indonesian region to make a transition to the use of electric vehicles (EVs).Head of BI’s West Java Representative Office Erwin Hutapea said that the province’s investment value in motorized vehicles reaches Rp27 trillion (US$1.8 billion), which in turn would possibly penetrate EV sector as well. “In the context of energy transition development, we surely need investment,” Hutapea stated in his office in Bandung City, West Java, on Sunday. He said that EVs offer many other benefits in addition to supporting clean energy development. In order to drive Indonesia to become a developed country, the government has taken energy resilience as one of its focuses, he added. Hutapea expressed optimism that Indonesia is fully capable of developing a suitable ecosystem for EVs considering the country’s abundant resources, including mineral resources and a large number of power plants. “In the context of downstream efforts, we also possess critical minerals that can be used to support the industry of EVs,” he noted.
Source: Antara News Agency