Jakarta, Oct. 28 -- The Indonesian government is reviewing an incentive package for hybrid vehicles to stimulate the domestic automotive market, with a formal proposal expected to be submitted later this year.

Industry Minister Muhammad Sarmuji said here on Tuesday (October 27) that technical discussions are underway with relevant stakeholders to formulate the policy and determine the exact value of the proposed incentives.

According to the minister, incentives for hybrid cars do not necessarily have to match those granted to fully electric battery electric vehicles (BEVs). The primary objective, he stressed, is to effectively drive market demand while strengthening the national automotive manufacturing base.

Sarmuji noted that Indones...