Indonesia grapples with rising interest rates as electric vehicle revolution gathers momentum: Fitch Ratings
Jakarta [Indonesia], October 30 (ANI): Indonesia's four-wheeled vehicle (4W) sales are expected to be affected by rising interest rates, with Fitch Ratings forecasting a slowdown in 2023 and 2024.
Despite this, the electric vehicle (EV) market continues to gain traction.
The report suggests that 4W sales in 2023 will hover around 1 million units, slightly below the 2022 figures of 1,048,040 units, with a similar outlook f