Jakarta, May 12 -- Finance Minister Purbaya Yudhi Sadewa said on Tuesday that he expects Indonesia's economy to grow by more than 5.5 percent in the third and fourth quarters of 2026.

"Growth in Q3 and Q4 will be above 5.5 percent. I'm pushing toward 6 percent," Purbaya told reporters at the Finance Ministry office in Jakarta on Tuesday.

To achieve the target, Purbaya said the government plans to roll out incentives for the purchase of electric vehicles (EVs), targeting 100,000 electric cars and 100,000 electric motorcycles.

For electric motorcycles, the government has allocated Rp5 million per unit. Meanwhile, incentives for electric cars will take the form of government-borne Value Added Tax (VAT) incentives ranging from 40 to 100 pe...