V-GREEN and Prime Group Join Forces to Build 100,000 EV Charging Stations in Indonesia

In a significant move to accelerate electric vehicle (EV) adoption in Indonesia, V-GREEN and Prime Group have announced a partnership to construct 100,000 VinFast EV charging stations across the country over the next three years. The project, estimated at $1.2 billion, aims to address one of the primary barriers to EV uptake in Indonesia: insufficient charging infrastructure.

Indonesia's EV market has shown promising growth, with sales surging from modest numbers in 2020 to over 10,000 units in 2022. However, the adoption rate remains low at 0.5% of total vehicle sales in the first half of 2022. The country currently has only about 1,500 public charging stations, mainly in urban areas, creating a significant obstacle for widespread EV adoption.

The collaboration between V-GREEN, part of VinFast's green ecosystem, and Prime Group, a diversified business conglomerate from the UAE, seeks to bridge this infrastructure gap. The initial phase will focus on developing charging networks in key Indonesian cities such as Jakarta, Surabaya, and Bali, with construction set to begin in January 2025.

This partnership leverages Prime Group's extensive operations across the Middle East and Africa, along with its financial resources and global network. V-GREEN will contribute its expertise in market research and charging infrastructure development, building on its success in rapidly expanding Vietnam's charging network.

The initiative is particularly significant for Indonesia's automotive industry and environmental goals. By addressing the charging infrastructure deficit, it could potentially unlock the full potential of the country's EV market, encouraging more consumers to switch to electric vehicles. This, in turn, could lead to reduced carbon emissions and support Indonesia's transition towards sustainable transportation.

For VinFast, this move represents a strategic step in its global expansion plans. By establishing a robust charging network, VinFast aims to create a more favorable environment for its electric vehicles in the Indonesian market, potentially increasing its market share and brand presence in Southeast Asia's largest economy.

The collaboration also signals growing international interest in Indonesia's EV sector, which could attract further investments and technological partnerships. As the world's fourth most populous country, Indonesia's shift towards electric mobility could have significant implications for global efforts to combat climate change and reduce dependency on fossil fuels.

As this project unfolds, it will be crucial to monitor its impact on EV adoption rates, urban planning, and energy infrastructure in Indonesia. The success of this initiative could serve as a model for other developing countries facing similar challenges in transitioning to sustainable transportation systems.