Indonesia sits on a veritable treasure trove of nickel, vital for electric vehicle (EV) batteries, producing nearly half of the global supply. However, this isn’t enough for President Prabowo Subianto, who envisions transforming the nation into a fully integrated electric-car supply chain. Yet, possessing abundant nickel alone may not suffice to guarantee success in the competitive EV landscape.
In the latest episode of our podcast, Ethan Wu and Mike Bird delve into the feasibility of this ambitious plan, engaging guests like former deputy minister Septian Hario Seto and Energy Shift Institute’s Putra Adhiguna. The discussion highlights the complexities of building an EV ecosystem far beyond raw materials, particularly in an industry rife with competition and foreign market dependencies.
Beyond Indonesia’s aspirations, the podcast also touches upon a myriad of global issues, from Elon Musk and DOGE’s disappointing impact to a critical look at workers in Germany taking the highest sick days. Such topics illustrate the interconnectedness of markets today, showcasing how different factors play into national and international economic narratives.
Indonesia, possessing half of the world’s nickel supply, aims to establish a complete electric vehicle supply chain under President Prabowo Subianto’s vision. However, the podcast explores the challenges this poses, including competition and dependence on broader market dynamics. Other global issues, such as trends in worker productivity and the impact of major figures like Elon Musk, are also discussed.
Indonesia’s ambitious push towards establishing a comprehensive electric vehicle supply chain reflects a bold vision rooted in its vast nickel resources. However, just having the necessary materials does not guarantee success; strategic planning, infrastructure development, and navigating global competition will be crucial for overcoming potential pitfalls. The podcast serves as a valuable platform for exploring these themes and understanding the broader implications of Indonesia’s EV gamble.
Original Source: www.economist.com
