In a bid to fundamentally alter the automotive and transportation industry of Indonesia, Mitsubishi Motors has recently inked a memorandum of understanding with the Indonesian government to stimulate the production of electric motors in the nation. Apparently, this move is touted to markedly influence the electric motors market in the South East Asian nation, as the government gears up to lower carbon dioxide emissions.
A statement issued by the leading Japanese automaker states that the latest MoU enumerates the strategies to be undertaken by the Indonesian government to reduce greenhouse gas emissions by framing comprehensive policies and unveiling programs such as providing incentive schemes to automakers and drivers to persuade them to speedily adopt electric vehicles. The statement further notes that the company has provided 10 electric cars and four charging units to a few Indonesian ministries and plans to commission a joint study with the government to evaluate the effective usage of electric vehicles in the nation.
For the record, Indonesia is the world’s fifth largest greenhouse gas emitter, with an estimated emission of 2 gigatons in 2005. Apparently, the then President of Indonesia, Susilo Bambang Yudhoyono had issued a resolution in 2009 which aims to lower carbon emissions by 26% until the year 2020.
Meanwhile, commenting on the development, the Chief Executive Officer of Mitsubishi Motors, Osamu Masuko was quoted stating that the agreement indicates the trust and confidence of the Indonesian government in the company’s ability to develop advanced electric technologies that are making an impact in the electric vehicles market. Reportedly, he further stated that the company feels gratified to play a crucial role in assisting the nation to reduce greenhouse gas emissions and augment its efforts in transitioning into a low carbon economy.
Apparently, the efforts being put in by industry giants and government agencies to reduce emissions shall favorably impact the growth prospects of electric motors market in the nation, cite analysts.