Trump's rollback of EV policy threatens Indonesia's nickel industry & energy transition
"Trump’s EV Policy Reversal Threatens Indonesia’s Nickel Industry and Green Energy Transition", 28 January 2025
A recent executive order by US President Donald Trump rolling back electric vehicle (EV) mandates is likely to disrupt Indonesia’s burgeoning EV ecosystem, according to the Center of Economic and Law Studies (Celios). The policy could significantly impact demand for critical minerals, foreign investment, and global financing for green energy projects, while strengthening China’s grip on Indonesia’s nickel downstream industry.
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Risks to International Financing for Energy Transition
Trump’s decision also risks undermining international financing for clean energy projects, including Indonesia’s Just Energy Transition Partnership (JETP). The $20 billion initiative aims to decarbonize Indonesia’s energy and mineral sectors but could lose momentum if the US shifts its focus away from electrification and climate commitments.
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These moves underscore Trump’s intention to prioritize traditional energy sources and gasoline-powered vehicles, even at the expense of global efforts to combat climate change.