Indonesia plans to introduce electric vehicle subsidies to address high oil prices

```htmlAccording to Golden Ten Data on May 13, Indonesia's Finance Minister Sri Mulyani Indrawati stated in Jakarta on the 12th that, given the heightened tensions in the Middle East are pushing up international oil prices and increasing the burden of energy imports, Indonesia is expediting its energy consumption structure transformation and plans to launch a new round of electric vehicle subsidy policy starting from June 2026. Sri Mulyani said that the Middle East tensions have lasted longer than expected, global oil prices may remain high in the short term, increasing Indonesia's fuel and crude oil import costs. To mitigate external risks, the government is studying incentive measures to encourage the public to use more electric cars and electric motorcycles, reducing reliance on fossil fuels.```