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Indonesia’s biggest taxi firm bets BYD plant to cut EV prices

November 27, 2024
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Indonesia’s biggest taxi firm bets BYD plant to cut EV prices
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Blue Bird aims for electric vehicles to account for 3% of its fleet by next year and to gradually increase the number to 20% by 2030

INDONESIA’S largest taxi operator expects an upcoming BYD plant will bring electric vehicle prices down as it seeks to expand its fleet.

Blue Bird aims for electric vehicles to account for 3 per cent of its fleet by next year and to gradually increase the number to 20 per cent by 2030, Noni Purnomo, president commissioner at Bluebird Group Holding, said in a Bloomberg Television interview on Wednesday (Nov 27).

“We are very happy that BYD is now investing in Indonesia,” said Purnomo, who previously headed the taxi company. “We hope very soon the price of electric vehicles will be reduced significantly.”

Blue Bird operated its first electric taxis in 2019. It had nearly 23,000 vehicles at the end of 2023, with EVs accounting for around 1 per cent, according to its latest annual report. The high price of EVs has hindered its efforts to expand its electric fleet.

“We have been lagging in our implementation of electric vehicles,” said Purnomo. “At this moment the price for us is about three-and-a-half times of the combustion engine.”

Blue Bird earlier said it will turn to BYD, the world’s largest maker of EVs, for the majority of its EV fleet on lower costs.

The Chinese company will start commercial production at its factory in the country in early 2026, the Indonesian government said in March. The plant is part of a US$1.3 billion investment. BLOOMBERG

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I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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