Insight

BYD Dominates as Indonesia EV Sales Jump 172%

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Algo Research Team

Company | Dec 16, 2024 | Views: 713

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Key Summary:

  • EV market share increased to 4.8% in Jan-Nov 2024
  • BYD commands the top spot, with 51% EV share in Nov-24
  • Chinese automakers lead with innovation & affordable pricing

Electric Vehicle (EV) sales in Indonesia, which is largely dominated by Chinese automakers, continue to see significant growth momentum at the expense of conventional auto (ICE) sales this year.


Look at the numbers: Cumulatively, EV sales reached 37,653 units in Jan-Nov 2024, a substantial +172% YoY increase from 13,845 units during the same period last year.

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