Jakarta, Aug. 4 -- Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said providing incentives for nickel-manganese-cobalt (NMC) electric vehicles is part of the government's strategy to expand the market for nickel-based EVs.

Speaking in Jakarta on Monday, Bahlil noted that EVs equipped with lithium iron phosphate (LFP) batteries are not a priority for the government because Indonesia lacks the raw materials needed to manufacture them.

Furthermore, Indonesia is currently building an ecosystem for EVs powered by nickel-based batteries. Consequently, the country's EV development will focus on nickel.

He emphasized that nickel-based electric vehicles are superior to those powered by LFP batteries.

"LFP is usually suit...