Indonesia, as the world's largest nickel producer, holds significant potential to play a key role in this transformation. SESNA CEO Rico Syah Alam emphatically states that sustainable nickel industry development can be a crucial driver in strengthening the electric vehicle (EV) ecosystem in the country.

"In reality, Indonesia is the world's largest nickel producer, yet its prices are the lowest. It's ironic that despite having the largest reserves, the prices of electric vehicle batteries remain high," Rico expressed in his statement in Jakarta on Friday.

Rico's analysis resonates, considering that the majority of EV batteries still rely on imports, primarily from China. This sheds light on why the prices of electric vehicle batteries in Indonesia remain high. However, Rico emphasizes that with a sustainable approach to nickel industry development, Indonesia can play a more significant role in reducing the production costs of EV batteries.

Rico also highlights the importance of increasing investments, both from abroad and domestically, in building battery factories. This collaboration will not only enhance domestic industrial infrastructure but also provide a significant boost to the overall EV industry. This aligns with the government's ambition to increase the level of local components in electric vehicles, a crucial step in strengthening the country's energy sovereignty.

In conclusion, the development of the nickel industry in Indonesia has the potential to strengthen the electric vehicle ecosystem and accelerate the transition towards a sustainable and environmentally friendly future. It's not just about making Indonesia a major player in the EV industry but also about creating broader positive impacts for society, the environment, and the economy as a whole.

Source: antaranews.com