JAKARTA – Indonesia will allocate 7 trillion rupiah ($455.88 million) in state funds to subsidize electric motorcycle sales through 2024, officials said on Monday, as it pushes mass adoption of EVs with the aim of attracting investment in the domestic industry. The government will also announce incentives for electric cars on April 1, said senior cabinet minister Luhut Pandjaitan said. Finance Minister … Continue reading Indonesia sets aside $455M to subsidize electric motorcycle sales