Luhut Makes Push for Gasoline Car Restrictions

Jakarta. Chief Investment Minister Luhut Binsar Pandjaitan is calling for a sound policy to restrict the sales of fossil fuel vehicles and accelerate electrification in a lengthy Instagram post on Sunday.
“I received data from the automotive industry indicating that the average fuel consumption reaches 1,500 liters for a car and 305 liters for a motorcycle a year. We can imagine that most vehicles use subsidized fuel products, resulting in a ballooning fuel subsidy [in the state budget],” Luhut wrote.
"I’m asking the inter-ministerial technical team to formulate policies on par with or better than those of other countries who have already implemented restrictions on fossil fuel vehicles," he added.
Luhut said restrictions on fossil fuel vehicles will accelerate the transition toward electric vehicles and help achieve the government’s climate ambitions.
"There is a bigger goal than reducing our dependence on subsidized fuel products, namely reducing carbon emission by 40 million tons by 2030 from this program alone,” he said.
“And eventually fuel subsidy in the State Budget can be reallocated to sectors that can improve the prosperity of the people,” Luhut said.
At the same time, the government is formulating EV policies that will provide incentives and necessary regulations, he said.
Tags: Keywords:POPULAR READS
Harita Nickel Increases Stake in Gane Tambang Sentosa to 99%
The acquisition will increase Harita’s nickel reserves to 302 million tons, making it the fifth-largest Indonesian nickel miner by deposits.Philippines Opens Monitoring Base on Remote Island in Disputed South China Sea
Thitu is one of nine islands, islets and atolls that have been occupied by Philippine forces since the 1970sPresident’s Office Refutes Allegations of Interference in Setya Novanto Case
Former House Speaker Setya Novanto is currently serving a 15-year prison sentence after being convicted of corruption charges.Teras by Plataran to Open at Pondok Indah Mall 2
Teras by Plataran will open at Pondok Indah Mall (PIM) 2 in Jakarta this SundayForeign Tourist Arrivals Drop 8.57 Pct in October
BPS reported that foreign tourist arrivals had seen a 8.57 percent drop in October compared to the previous month.Popular Tag
Most Popular

