Indonesia’s EV dreams shunted into slow lane

Major player: A nickel smelter in Indonesia. The country has engineered a massive build-out of its nickel sector in recent years to the point the country now accounts for more than half the world's production. — Reuters

INDONESIAN President Joko Widodo has made no secret of his ambition to leverage the country’s vast nickel resources to become an Asian hub for manufacturing electric vehicles (EVs).

He has been wooing Tesla for the last two years, offering the US carmaker incentives ranging from tax breaks to nickel mining concessions.