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The low-value green car (LCGC) is an reasonably priced, gasoline environment friendly car that was introduced to the Indonesian market in late-2013 after the federal government had offered tax incentives to these car producers who meet necessities of the government’s gas effectivity targets. When these LCGC vehicles were introduced they, usually, had a price ticket of around IDR 100 million (approx. USD $7,500) therefore being engaging for the country’s large and increasing middle class section. By early the typical value of the LCGC had risen to around IDR 140 million (approx. USD $10,500) per automobile. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian authorities additionally goals to make Indonesia the regional hub for the production of LCGCs. However, car sales did not instantly comply with the slowing economic growth pace and, actually, nonetheless managed to … Read More