Indonesia Electric Vehicle Market to 2032
Overview
The Indonesia Electric Vehicle Market is expected to reach a 17,960.22 USD Billion by 2032 and is projected to grow at a CAGR of 30.78% from 2025 to 2032.
Revenue, 2024 (USD Billion)
3,975.87
Forecast, 2032 (USD Billion)
17,960.22
CAGR, 2024 - 2032
30.78%
Report Coverage
Indonesia
Indonesia Electric Vehicle Market 2018-2032 USD Billion
Indonesia Electric Vehicle Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 3,975.87 USD Billion
- Projected Market Size (2032): 17,960.22 USD Billion
- CAGR (2025-2032): 30.78%
Key Findings of Indonesia Electric Vehicle Market
- The Indonesia Electric Vehicle Market was valued at 3,975.87 USD Billion in 2024.
- The Indonesia Electric Vehicle Market is likely to grow at a CAGR of 30.78% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Mid-Priced in Class Segment accounted for the largest share of the market with a revenue of 2,527.52 USD Billion
- The fastest growing segment Passenger Cars in Vehicle Type Segment grew Fastest with a CAGR of 32.49% during the forecast period from 2024 to 2032.
Indonesia Electric Vehicle Market Scope
Indonesia Electric Vehicle Market Segmentation & Scope
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Indonesia Electric Vehicle Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 3,975.87 USD Billion |
| Market Value in 2032 | 17,960.22 USD Billion |
| CAGR (2025-2032) | 30.78% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component |
Regional Insights:
-
Leading Market (2024-2032): Indonesia, leading in terms of revenue 3,975.87 USD Billion in 2024
- Key Country: Indonesia, leading in terms of revenue with value of 3,975.87 USD Billion in 2024.
Segments and Scope
-
Indonesia Electric Vehicle Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 2,047.93 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 32.49 % in forecast period 2025-2032.
-
Indonesia Electric Vehicle Market to 2032, By Power Train
- Series Hybrid is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 1,910.76 USD Billion in the year 2024.
- Combined Hybrid is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 29.64 % in forecast period 2025-2032.
-
Indonesia Electric Vehicle Market to 2032, By Class
- Mid-Priced is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 2,527.52 USD Billion in the year 2024.
- Mid-Priced is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 31.97 % in forecast period 2025-2032.
-
Indonesia Electric Vehicle Market to 2032, By Charging Station Type
- Normal Charging is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 2,518.90 USD Billion in the year 2024.
- Normal Charging is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 31.10 % in forecast period 2025-2032.
-
Indonesia Electric Vehicle Market to 2032, By Propulsion Type
- Battery Electric Vehicle (BEV) is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 2,002.13 USD Billion in the year 2024.
- Hybrid Electric Vehicle(HEVs) is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 30.93 % in forecast period 2025-2032.
-
Indonesia Electric Vehicle Market to 2032, By Component
- Battery Cells & Packs is the largest segment in Indonesia Electric Vehicle Market to 2032 with a revenue of 1,954.22 USD Billion in the year 2024.
- Battery Cells & Packs is the Fastest growing segment in Indonesia Electric Vehicle Market to 2032 with a Growth rate of 32.46 % in forecast period 2025-2032.
Indonesia Electric Vehicle Market Company Share Analysis
| Company Name |
|
||
| Ford Motor Company | |||
| Tesla | |||
| General Motors | |||
| Nissan Motor Co., Ltd. | |||
| TOYOTA MOTOR CORPORATION | |||
Indonesia Electric Vehicle Market Geographical Sales Distribution, 2018-2032 USD Billion
Indonesia Electric Vehicle Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Indonesia Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Indonesia Electric Vehicle Market was valued at USD 3,975.87(Revenue in USD Billion) in 2021.
Indonesia Electric Vehicle Market is projected to grow at a CAGR of 30.78% during the forecast period of 2024 to 2032.
The Mid-Priced segment is expected to dominate the Indonesia Electric Vehicle Market, holding a largest market share of 2,527.52 USD Billion in 2024
Indonesia Electric Vehicle Market Scope
Indonesia Electric Vehicle Market Segmentation & Scope
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Frequently Asked Questions
The Indonesia Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Indonesia Electric Vehicle Market was valued at USD 3,975.87(Revenue in USD Billion) in 2021.
Indonesia Electric Vehicle Market is projected to grow at a CAGR of 30.78% during the forecast period of 2024 to 2032.
The estimated market value of the Indonesia Electric Vehicle Market for final year is USD 17,960.22 (USD Billion).
Indonesia Electric Vehicle Market Company Profiling
Frequently Asked Questions
The Indonesia Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Indonesia Electric Vehicle Market was valued at USD 3,975.87(Revenue in USD Billion) in 2021.
Indonesia Electric Vehicle Market is projected to grow at a CAGR of 30.78% during the forecast period of 2024 to 2032.
The estimated market value of the Indonesia Electric Vehicle Market for final year is USD 17,960.22 (USD Billion).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.