JAKARTA, March 15 (Bloomberg): Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars.
Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by the finance ministry on Monday. Full and mild hybrid types will be taxed at a rate of 6%-12%, compared with a previous range of 2%-12%.
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