The government announced plans to roll out new EV regulations to support its target of selling 100% EVs by 2050. While battery-powered EVs continue to be exempt from luxury tax, the plug-in hybrid EV will see an increase to 5% from 0%. Full and mild hybrid types will be taxed at a rate of 6% to 12%, from a previous range of 2% to 12%. In addition, the government will also provide tax holiday incentives for up to 10 years if EV manufacturers make at least an IDR 5 trillion (USD 346.2 million) investment in the country.